Always keep your cheque book safe.
Make sure the number of zeros entered in the number box is correct.
Always add a standing line and sleeping line “/-” after writing the amount in numbers. For example, write “5,000/-” instead of “5,000”, so that later on the cheque cannot be changed into “50,000” by adding another zero.
Always make sure the amount written in words and amount written in numbers is the same amount.
A cheque is valid only for 90 days. So, deposit it in the bank within 90 days of the date written on it.
Make sure to only place your signature on the bottom right hand corner. Signing anywhere else on the cheque will not be accepted by the bank.
Cheque is a document which orders a bank to pay a specific amount of money from one a/c to another.
Banks give us cheque books with many cheques when we create a bank account.
You can use cheques to make large payments and avoid cash and online transactions.
Date, Name of payee, Rupees, Rs. and Signature – these are the five sections in a cheque.
Only the person whose name is written on the cheque will be able to use it. Don’t leave gaps or empty space between the letters while writing the name.
Banks don’t accept cheques in which there are errors and corrections. In case there are errors, write a new cheque.
Always cross a cheque, because then, only the person whose name is written on the cheque can use it and not anyone who finds the cheques or steals it.
Always add a standing line and sleeping line “/-” after writing the amount in numbers.
A cheque is valid only for 90 days since it was written.