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As we all know, when we deposit a cheque issued in our name in the bank, the bank always checks, if the cheque has been crossed or not. Why is this done?
(a)It ensures that the money is deposited only in the account of the person in whose name the cheque has been drawn
(b)It is a process by which the person who has issued the cheque comes to know whether the cheque is enchased or not.
(c)The bank insists on it only when the party wants the payment immediately and that too in cash only
(d)This is the instruction of RBI that all the cheques of the amount Rs 10,000 should be accepted only if they are crossed.

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