Difference between Order and Bearer Cheque explained | Different types of cheque | What is Cheque
About the video -
In the video I have given complete details about Order cheque and Bearer Cheque.
A cheque is simply a written order directing a bank to release a stated amount of money from a specific bank account. There are three parties involved in the processing of a cheque: the drawer, who issues the cheque and holds the bank account; the drawee, which is the financial institution; and the payee, who is the person whose name appears on the cheque and will receive the funds.
A bearer check, like cash, is valued. No endorsement on a bearer’s check can make the cheque payable to anybody other than the holder. The paying cashier does not need to take many steps to determine the valid owner of the payee.
An order check has the words ‘or order’ following the payee’s name or the term ‘bearer’ wiped out. The bank pays the individual whose name appears on the check-in of these cases. This means the bank is only obligated to pay the money to the payee or ordered person and not to anybody else.
Bearer Cheque vs. Order Cheque - Difference
A bearer cheque can be cashed by anybody who presents it at the bank’s payment counter. On the other hand, an order cheque is payable to the payee or any other person the payee allows. Simple delivery can be used to transfer bearer cheques. On the other hand, the transfer of ownership of the order check is only feasible with proper endorsement.
For a bearer cheque, the recipient’s signature on the reverse of the cheque serves as the receipt. In the event of an order check, the payee’s signature serves merely as an endorsement.
Topics covered in the video :
What is Cheque ?
Different type of cheques
bearer cheque vs order cheque
bearer cheque
order cheque
what is bearer cheque
order cheque and bearer cheque
bearer or order cheque in hindi
what is order cheque
bearer cheque and order cheque
bearer vs order cheque
account payee cheque
what is order cheque and bearer cheque
what is bearer cheque and order cheque
types of cheques
bearer cheque kya hota hai
crossed cheque
order cheque vs bearer cheque
#chequebook #ordercheque #bearercheque #cheques
Thanks for watching
About -
Hi Dosto
Biraj ki Baatein is a KZread channel where u get information about day to day usage Banking Products, information about other Financial Products like Mutual Funds, shares & stocks, insurance and some discussions on current affairs , reviews of recently released movies & some entertainment stuffs in our own language Hindi. So plz subscribe my channel and press the bell icon to get my new videos notification on time.
Thanks for watching.
Follow me :
@instagram:- / birajkibaatein
@twitter :- / birajkibaatein
DISCLAMER : This channel DOES NOT promote or encourage Any illegal activities, all contents provided by this Channel is for EDUCATION purpose only.
Пікірлер: 23
A very nice video is made by you thanks a lot sir.
thank you sir
Thank you so much.
Vry well explained
Thank you.
धन्यवाद..गुरुजी
Thank you Sir
Nice
Thank you 🙏🙏🙏
Good information
Thank u
Chek aane ki kitne dino baad kisi ko chek de sakte hai
Kya bearers cheak mai pay AC NO likh denge to cleared hoga kya
@BiRaJKiBaAtEiN
6 ай бұрын
No
Bhut badhiya sir ji
Best information
@BiRaJKiBaAtEiN
10 ай бұрын
Thanks
@mohammadghazanfarraza7814
4 ай бұрын
@@BiRaJKiBaAtEiN Sir Agr Mister_X ne Mistre_Y 10000 ki Check Issue kiya... Same Y Name ka Koi or Persons Withdrawal kr skta Hai...._ Plz Sir
Sir a/c payee cheque he order cheque hai kya?
@BiRaJKiBaAtEiN
Жыл бұрын
Order or Bearer ye cheque types hain
My cheque book is multi-city
@krunaldiva1703
Жыл бұрын
Same
2:30