A/C Payee Cheque clarification needed

POSTED BY Suresh R ON February 13, 2013 3:48 pm COMMENTS (2)

Hi,
 I am ABC, residing as a tenant at ‘XYZ’ house in Bangalore. Few months back I have paid Rs.21,000 excessively for my EB bill. Now the Bangalore Electricity Board (BESCOM) issued a A/C payee cheque amount of Rs.20,885 on my house owner name ‘XYZ’.

She does not hold any Saving/Current Account in any banks. I am holding a Saving & Current Account in HDFC Bank. Is it possible to deposit that cheque to my account? If so what steps need to be done.
My owner not willing to open a bank account. 🙁
Is there any other way to deposit the cheque to get money.

Please help me on this.

2 replies on this article “A/C Payee Cheque clarification needed”

  1. Dear Suresh, an A/c Payee cheque can be encashed only in a bank account. So ask your landlord to open an account for the same. No you can not encash other’s cheque in your bank acct.

    Thanks

    Ashal

  2. Request BESCOM to issue a fresh cheque without crossing.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS