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At par cheque is a cheque on which no charge is deducted by the bank for crediting to your account, even if your account is in a branch that is in a different city from where the cheque is issued.
For example, if your account is in Mumbai, and a company with its account in Delhi gives you a cheque, the Bank will charge certain amount from the cheque, as the cheque will have to be sent to Delhi to get cleared.
However, with the networking of branches of most banks, it is possible to get the cheque cleared without sending it to the issuing branch.
So, many private and some public sector banks are issuing at par chequebooks to their account holders. This means that you can pay a bill in Delhi by cheque even if your account is in some different city. The receiver of the cheque will not have to pay any charge on the credit of the cheque, meaning that he will be more willing to accept your cheque
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∙ 13y ago
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What is the full form of AT par cheque?
At par means payable at full value (without deduction)
How do you secure a check?
a cheque which is addressed as self by my friend which is at par can i draw it in any branch of ICICI branch
What does cheque mean in french?
a bank cheque (UK) (check)(US)
What does the stem par mean?
par means EQUAL
What is the difference between a crossed cheque and account payee's cheque?
They both mean the same
What does this homophone mean to bring a stop and a payment of money?
check and cheque
What does not signed in accordance with mandate mean on a returned cheque?
My cheque has been returned to me and stated" not signed according to mandate" What does this mean?
What does qu'entendez-vous par mean?
qu'entendez-vous par ... means "what do you mean by...", literally "what do you hear by..."
What does divise par mean in french?
Divisé par means divide by.
What is the mean of check book balance?
Cheque book balance means bank balance as per cheque book
What does ITC2 mean in par 38 bulb?
PAR = Photosynthetically Active Radiation
What does the French word par mean?
the root par means equal or equal to depending on the word. This is like in golf when you get a par. means equal to the average.
