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Bankers Study Material::

What is Open Cheque ?

By: Raj Kumar,      Update:17 Jan 2013

When a cheque can be encashed over the counter at the bank it is called 'Open cheque.'  Open cheque’s holder can do the following:-

 

     Can get its payment over the counter at the bank.

     Open cheque can be deposited in the account.

     Deliver it to other person by signing on the back of a cheque.


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