When two parallel lines are drawn across the cheque, it is said to be...........

Crossed cheque

The correct answer is option 1- Crossed cheque.

Cheques are generally crossed in practice. The payment of a crossed cheque cannot be made direct to the party on the counter. It is to be paid only through a bank. When two parallel lines are drawn across the cheque, it is said to be crossed. In case of an A/c payee only crossing, the amount of the cheque can be deposited only in the account of the person whose name appears on the cheque. When the name of the bank is written between two parallel lines, it becomes a special crossing and the payment can be made only to the bank whose name has been written between the two lines.

OTHER OPTIONS-

• Bearer cheque- A bearer cheque is a cheque that is payable to the person who presents it to the bank, irrespective of who originally issued the cheque or who endorsed it.

• Order cheque- An order cheque is a cheque that is payable to a specific person or organization, whose name appears on the cheque as the payee.

• Self cheque- A self cheque is a cheque drawn by the account holder on his or her own account as payee.