Types of Cheque in Indian Banking System

The Indian banking system employs various types of cheques to facilitate financial transactions. These include bearer cheques, payable to the bearer without identification; order cheques, payable to a specific person; crossed cheques, providing security against loss or theft; account payee cheques, mandating credit to the payee's account; post-dated cheques, valid from a future date; and stale cheques, rendered invalid after three months. Understanding these types is crucial for effective cheque usage