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How to write a cheque in India? But there some simple things we overlook while writing out a cheque to someone that can easily be misused. We write it so many times to pay bills, make payments etc. But there are times when people make the most obvious and sometimes careless mistakes while writing a cheque that can easily result in frauds or cheques being misused or dishonored.
Let us see what the correct way to write a cheque is and how to avoid mistakes while writing a cheque. You can also find an informative post on Why a cheque bounces or gets dishonoured, over here Understanding various parts of a Cheque: What is an MICR code?
Where is the Cheque Number located on a cheque? Is there an IFSC code on a cheque? If you have asked yourself these questions, then here are all the answers.
It can be very basic but sometimes the most basic things are the ones which are most overlooked. This image below is of a dummy cheque which covers everything you see on a cheque, it is pretty self explanatory.
Writing a Cheque the correct way? For understanding the ways to write a cheque correctly, we have a typical situation where you have to pay some fictional person Mr. Joy Johnson a sum of Rs. So now let us get down to seeing how we can write all the details correctly.
Imagine if a cheque is lost, all this comes in to play. Manage your own Money: Do not leave any space before or in-between the Name of the Receiver. Do not leave blank space after the Name is written: Doing this can give anyone a chance to add alphabets before or after the name like in the images below and claim the money.
Same can be done if you leave space after writing the name. Why Women can be great with Personal Finance? If you do not follow the above; amounts can be altered easily by the fraudster. In the image below you can see how easily certain amounts can be forged by people if the Cheque Issuer is careless.
Alphabets can be added and even numbers.Apr 17, · In this hindi video, bank cheque is explained in detail - cheque validity, how to record in cheque book, how to fill check properly, crossed cheque, account payee cheque, bank check scams, etc.
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Customs retained. Crossing of cheque simply means, when you draw two parallel lines on the left corner of the cheque and write the words "Account Payee" between those lines.
Some even write it as "A/C payee". Keep in mind that when you cross a cheque, the funds reach the account of . Corporal Punishment Violation of Child Rights in Schools: The child is father of an adult.
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