Payment of bearer cheques

srivani baskey (supervisor) (24 Points)

18 May 2012  

How much amount can be received  by a customer in cash across the counter with respect to  a bearer cheque in a bank?

Does the amount differs for  a self cheque and third party cheque i.e some other name appearing as payee name?

Give me clarification with any sections/rules of prevailing laws and regulations if possible