Infora Bee 1) Bearer Cheque
Bearer cheques are the cheques withdrawn to the cheque’s owner. These types of cheques normally used for a cash transaction.
2) Order Cheque
Order cheques are the cheques that are withdrawn for the payee (the person whose name is written on the cheque). Before making payment to that payee, cross-checks check the identity of the payee.
3) Crossed Cheque
On the Crossed cheques, two lines are made on the top left of the cheque. Amount mentioned on the cheque is only transferred to the bank account of the payee. No cash payment is made.
4) Stale Cheque
In India, if a cheque is not presented to the bank within 3 months from the date written on the cheque is known as a stale cheque.
5) Post Dated Cheque
If any cheque issued by a holder to the payee for the upcoming withdrawn date, then that type of cheque is called a post-dated cheque.
6) Ante Dated Cheque
If the date entered on the cheque is prior to the current date, that type of cheque is known as an Ante-dated cheque.