Bank Cheque Types

  • Open cheque or bearer cheque: The issuer of the cheque would just fill the name of the person to whom the cheque is issued, writes the amount and attaches his signature and nothing else. This type of issuing a cheque is also called bearer type cheque also known as open cheque or uncrossed cheque.
  • Stale Cheque: A cheque is negotiable in India within three months from the date of issue. The issued cheque turns stale after the completion of three months. It has to be re validated before presenting to the bank.
  • Crossed cheque or an account payee cheque: issuer of a cheque or subsequent holder, can specify it as an account payee on the left hand top corner or simply crosses it with two parallel lines, where upon the cheque can be uncashed only through a bank account. A banker will not get protection for a wrong payment if a crossed cheque is paid across the counter
  • Self cheque: A self cheque is written by the account holder as pay self to receive the money in the physical form from the branch where he holds his account.
  • Post dated cheque (PDC): is a cheque but post dated to meet the said financial obligation at a future date. It can not be paid before the date mentioned on the cheque.