I think I understand what Ramjade is trying to say.

A Banker's Cheque is issued by the Bank. you bring money to the bank and purchase a banker's cheque to pay another party. Normally this is considered good for payment because it is issued by a Bank. Banks will normally proceed with FD placement with banker's cheque.

Any cheques issued by anyone, be it company's cheque or personal cheque are sometimes tend to be bounce / returned due to insufficient fund. Banks will normally clear the cheque first to make sure the cheque is valid for payment / having sufficient fund for payment. Only then they will proceed with FD plaement.

Hope this explain the confusion.

Yup, correct. Needs clearing first, normally around 2 working days. But some Banks will backdate to the day that you present the cheque to them.

Eg. You send the cheque on 1st, so the bank send for clearing.
On the 3rd, the cheque is realised / cleared.
FD placement date effective 1st.

Do take note that not all the Banks practice the same placement date.

The statement is self explained already.

Just that he/she might be confused.

For a noob like me, I might not know how to differentiate the difference between a Banker's cheque and a personal cheque or a company's cheque.
Cheque is cheque lo.... got so many different type of cheque meh ?

Sorry, no offence ya...