"Cheque" Essays and Research Papers

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Cheque

Question 1 Define cheque and identify the characteristic of cheque. CHEQUE Definition of cheque is under section 73, a cheque is a bill of exchange drawn on a banker and payable on demand. The characteristics of cheque is it is an unconditional order in writing. “ Writing ” has been in section 3 of the Interpretation Act,1967 to include all modes of representing or reproducing in visible form. Hence, a cheque may be printed and even be written in pencil as well...

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Cheque Truncation

IBM Business Consulting Services Indian Cheque Truncation Initiative Key challenges for Indian Banks Ravi Trivedy IBM Business Consulting Services deeper deeper © Copyright IBM Corporation 2003 IBM Business Consulting Services The Indian Cheque Scenario – an IBM Point-of-View Cheque volumes will continue to increase for the next 5-7 years - All parties involved have strong reasons to continue to promote check usage Banks - significant revenue flows are tied to the use of...

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Cheque Truncation System

Lawyersclubindia Article : Cheque truncation in the Indian Scenario Page 1 of 3 Cheque truncation in the Indian Scenario During the last two decades or so the attitude and lifestyle of the consumers of banking service have been influenced by the advancement in technology. In tune with technological changes the banks’ delivery system has to undergo tremendous transformation. The financial reforms process has enabled many competitors to enter the financial services market with a higher degree...

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Cheques

| | | | | | | | | PART III | CHEQUES ON A BANKER | | Cheque defined.  | 73. A cheque is a bill of exchange drawn on a banker payable on demand. Except as otherwise provided in this Part, the provisions of this Ordinance applicable to a bill of exchange payable on demand apply to a cheque. | Presentment of cheque for payment.  | 74. Subject to the provisions of this Ordinance- | (1) Where a cheque is not presented for payment within a reasonable time of its...

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Bangladesh Automated Cheque Processing System (Bacps)

in Bangladesh Date : 4 Falgun 1415 February 16, 2009 Dear Sir, Bangladesh Automated Cheque Processing System (BACPS) at the expanded Dhaka Clearing Region. You are aware that Bangladesh Bank has been working to modernize the country’s payment system. The most visible step towards modernizing payment system is the establishment of the Bangladesh Automated Clearing House (BACH). Bangladesh Automated Cheque Processing System (BACPS) is one of two components of BACH. The other component of BACH...

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innovations

Credit Cards, free advisory services, implementation of standing instructions of customers, payments of utility bills, fund transfers, internet banking, telephone banking, mobile banking, selling insurance products, issue of free cheque books, traveller’s cheques and many more value added services. The major impetus for financial innovation has been globalization of financial systems, deregulation, and great advances in technologies. In increasingly integrated financial systems facing higher...

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Apprenticeshipp of Duddy Kravitz

start all over but it was too hard for him to so instead he begged everyone he knew for money to try and get just enough for him to buy his precious land. After doing so, he still ended up short, so he took one of Virgil’s cheques from his cheque book and forged a mass cheque for himself using the money put in Virgil’s bank account for his incident in his car crash causing him to become paralyzed from the waist down. Duddy says: They’re forcing me into it. Pushing me, he thought, and he went into...

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Type of Cross

------------------------------------------------- What are the different types of cheques Cheque is an important document that an individual, companies, governments and many others use to transact their business. By definition, cheque can be termed as a negotiable document to transfer money either in physical form or to effect inter account transfer.    Unless or otherwise stated, a cheque is a signed unconditional order addressing the bank to credit it by the issuer. The issuer of the cheque will have an account with the bank to which...

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Clearing

clearinghouse. A representative of each bank represents his bank in the clearinghouse. Each bank has collected cheques as behalf of their customer but these cheques are not drawn on their own bank so in the clearinghouse, they hand over these cheques to respective banks on which these cheques are drawn. Similarly each bank receives cheques from other banks if any. INSTRUMENT TO BE PRESENTED: 1. Cheques 2. Demand Drafts 3. Pay Orders TYPES OF CLEARING: There are four types of clearing:- 1. Inward Clearing ...

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Dishonour of Cheque

DISHONOUR OF CHEQUES A cheque is one form of a bill of exchange. However, all bills of exchange are not cheques. A cheque is always drawn on a bank or a banker. It is payable immediately on demand, without any days of grace. The sum that is directed to be paid should be distinctly expressed in the instrument. If there is a discrepancy between the amount stated in words and that stated in figures, then the amount stated in words shall be the amount that is ordered to be paid. As per the amendments...

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