What is a state cheque ?

A state cheque is that cheque which is presented for payment after a certain period. Generally the cheque must be presented within six months (provided there is no indication of the period on the cheque.)
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What is over-draft ?

Over-draft is a temporary arrangement under which the bank allows his customers to withdraw more than the amount standing in his redit account. Interest is charged only on the amount actually withdrawn. It may be allowed on the security of assets or customer's personal guarantee.
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What is post dated cheque ?


Post dated cheque is that cheque which is presented in the bank for payment before the date written on the cheque book.
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What is cash credit ?

Cash credit is an arrangement under which the bank allows the borrower to borrow up upto a specified limit. Interest is charged on the amount actually withdrawn. Cash credit usually granted against bond or some other security.
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What is a cheque ?

A-cheque is an order by the account-holder of the bank directing his bank to pay on demand the specified amount or to the order of the person named therein or to the bearer.
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