what is the difference between banker cheque and cheque?
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Answer Posted / srinivas rao
Banker Cheque means pay order or demand draft issued by
bank itself with debiting the account of payer on same
time ,so it is safe for payee
where cheque is negotiable instrument which issued
by payer himself as a/c payee or crossed , it may be
returned from bank depends upon payee's fund position.
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