what is the difference between banker cheque and cheque?
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Answer Posted / vinnu
Bankers cheque is issued by bank on behalf of customer containing an order to pay a certain amount of money to the payee within the same city and branch.
Cheque is issued by an drawer to the payee and drawer should have an account in the bank(drawee),it can be dishonored but banker's cheque is not because it is prepaid mode of transfer.
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