Multiple choice

A cheque which has been duly crossed

  1. Is encashed by payee only

  2. Can be credited in account only

  3. Is valid for indefinite time only

  4. Can be encashed across the counter

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A crossed cheque can only be credited to a bank account, not encashed over the counter. This is a security measure to ensure that the funds go to the intended payee's account. Crossed cheques have two parallel lines on the left corner, indicating that they must be deposited into an account.