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Bank Rules: Why is 'Only' written and a slanting line drawn while filling the amount on a cheque?There is no need for a signature on an order or account payee cheque. Similarly, there is no need for a signature on a bearer cheque when a person has gone to withdraw money from his account ...
The issuer of the cheque is called the drawer, while the person to whom the cheque is issued is the bearer. The bank that holds and transfers the money for the drawer is called the drawee.
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BCCI office bearers present India team with Rs 125 crore cheque at Wankhede StadiumThe entire team stood on the stage, along with BCCI bearers, and received a cheque for Rs 125 crore. The Rohit Sharma-led team kicked off the open-top bus parade from Marine Drive.
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