cheque is a paper instructing the bank to pay a specific amount from the person's
account to the person in whose name the cheque has been drawn.
(i) The facility of cheque against demand deposits makes it possible to directly
settle the payments without the use of drawn.
(ii) For payment through cheque, the payer who has an
account with the bank, makes out a cheque of a specific amount.
(iii) The money is transferred from one bank account to
another in a couple of days. The transaction is complete without any payment of
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