Legal Question in Banking Law in India

Does self cheque can be payable to third party


Asked on 3/10/16, 6:35 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

10.03.2016

Dear Sir / Madam,

Yes, a bearer cheque is payable to a third party in the sense that the third party can withdraw the cash against the cheque by visiting the Bank, or if the third party so desires, he / she can also simply cross the cheque and deposit it in his / her account for clearing.

Regards,

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Answered on 3/10/16, 7:36 am


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