The payment of cheques is the process by which a drawee bank, the bank on which the cheque is drawn, pays the specified amount to the payee or their bank. The payment of a cheque requires that the cheque be properly presented, the account of the drawer has sufficient funds, and that the cheque has not expired or been canceled.

Unit-I

Introduction, Precautions To be taken by bankers while honouring cheques

Rulers related to payment of cheques by bankers.

Unit-II

Protection to the Paying Bank, Rights and duties of paying Banker, Bouncing of cheque