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Bangladesh Marketing & Social Research Society Empowering Business & Social Development Initiatives Through Researcher. No. S11065 of 2010Individual membership application formulas send completed
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What is payment by crossed cheque?
Payment by crossed cheque is a method of payment where the issuer crosses two parallel lines on the cheque, indicating that the cheque can only be deposited into the bank account of the payee.
Who is required to file payment by crossed cheque?
Any individual or entity making a payment by crossed cheque is required to fill out and issue the cheque.
How to fill out payment by crossed cheque?
To fill out a crossed cheque, the issuer needs to draw two parallel lines on the left-hand corner of the cheque and specify the name of the payee.
What is the purpose of payment by crossed cheque?
The purpose of payment by crossed cheque is to ensure that the payment is directly deposited into the payee's bank account, adding an extra layer of security.
What information must be reported on payment by crossed cheque?
The payment amount, payee's name, date, and signature of the issuer must be reported on the payment by crossed cheque.
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