Crossed Cheque Payment Rules

PPB Responsibility of Paying Bank Free JAIIB Capsule 20 views Updated
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PPB · Responsibility of Paying Bank
If a customer issues a cheque crossed 'Account Payee', what happens if the paying bank pays it in cash over the counter?
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If a customer issues a cheque crossed 'Account Payee', what happens if the paying bank pays it in cash over the counter?

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This capsule covers Principles & Practices of Banking, Responsibility of Paying Bank. Members get the complete explanation plus every other premium capsule, mock test and PDF.

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