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Negotiable instruments

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(Querist)
19 December 2008 sir,
what is the difference between the following;

* Bank Draft
* Banker's Cheque
* Pay Order
* Outstation Cheque
* local Cheque

Thank you
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
19 December 2008 Cheque issued outside a districts is caleed outstation cheque, it may also be outstate cheque also.

Cheques of same districts are local cheques.

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