1. A Bill of exchange may be drawn on any person. A cheque is always drawn on a banker.
2. A Bill of exchange may be payable on demand, or on the expiry of a certain period or at sight.
Cheque is always payable on demand.
3. A grace of three days is allowed in case of time bills. No grace is allowed on cheques.
4. A cheque doesn't require any stamp. Bill of exchange l is ordinarily
stamped.
5. A cheque may be crossed. Bill may not be crossed.
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కామెంట్ను పోస్ట్ చేయండి