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Home Basic Finance Banking
How to write a Cheque? 1

How to write a Cheque?

Elearnmarkets by Elearnmarkets
June 23, 2023
in Banking, Basic Finance
Reading Time: 3 mins read
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In the era of rapid technological advancement, especially in the financials & banking industry, I am sure that most of you will NOT be using cheques as a part of your day-to-day banking needs. But still, it is important to keep in mind the basics of how to write a cheque.

Writing a cheque probably seems to be the easiest thing to do, but let me tell you that it may lead you to unnecessary trouble in case you do silly mistakes here and there. You will also learn how to write a cheque for others. 

Table of Contents
What is a Cheque?
5 steps on how to write a Cheque
Key points to keep in mind while writing a Cheque

What is a Cheque?

A cheque is a mechanism that allows people to access the fund in their bank accounts. You can use this either to withdraw cash or to transfer funds to some other account by transferring a cheque.

Learn to manage your bank account with Banking Awareness Book for Beginners 

Today we are going to discuss the key points to keep in mind while writing a cheque.

5 steps on how to write a Cheque

steps to write a cheque

1. Date: A cheque should be properly dated. Writing a cheque without a date may enable anyone to put any date and encash it at their will. This may be a big problem in case there is an insufficient fund and you intended the cheque to be post-dated. Moreover, a wrongly written date, like a wrong year or a month may result in dishonor if the date is past three months.

2. Name: Write the name of the person or organization who will receive your cheque in the “pay” line.

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3. Cross the cheque: You need to make two parallel lines in the top left corner of the cheque and write “Account Payee” if you want the amount to be withdrawn by a specific person or an organization, who is having an account in the bank.

4. Account Number: Ensure your cheque has an account number and the bank address on the cheque. Nowadays it is mandatory that each cheque leaf should carry your name or names if it is a joint account.

5. Signature: Put your signature carefully on top of your name on the cheque as it has to match the signature you provided to the bank while opening the account.

Always keep your cheque book in a safe place and never pre-sign your blank cheques.

Also Read: 12 reasons for Dishonour of Cheque

Key points to keep in mind while writing a Cheque

a. Never do overwriting in a cheque

b. Mention your mobile number and account number on the backside of the cheque while depositing

c. When writing the amount in words, always write “only” at the end. Also inside the amount box, after you have written the number specify “/-” at the end.

Last but not least, make sure that you have enough balance in your account before issuing the cheque because it’s considered a criminal offense if the issued cheque bounces.

Also Know: How do I stop the cheque’s payment?

To halt the payment of a check, you have the option of initiating a stop payment. This can be done by contacting your bank and submitting a letter that includes essential details such as the check number, amount, and the recipient’s name. It is important to note that the stop payment request must be made before the check has been presented for processing, and your bank account should have adequate funds to cover the check amount.

 

In order to get the latest updates on Financial Markets visit https://stockedge.com/

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Comments 10

  1. seema says:
    6 years ago

    Thank you for your valuable and detailed information

    Reply
    • Tista Sengupta says:
      6 years ago

      Welcome Seema

      If you want to know more about the major reasons for which a cheque can be dishonoured: you may read: 12 reasons for Dishonour of Cheque
      Happy Reading!

      Reply
  2. anju says:
    6 years ago

    Thank you for your valuable and detailed information

    Reply
    • Tista Sengupta says:
      6 years ago

      Welcome Anju

      To know more about the major reasons for dishonour of a cheque you may read: 12 reasons for Dishonour of Cheque
      Happy Reading!

      Reply
  3. Raman arora says:
    5 years ago

    After who many days after delivered a notice i have to go in Court pls cleared it

    Reply
  4. Raman arora says:
    5 years ago

    After dishonor the cheque within how many days we should go to court

    Reply
    • Tista Sengupta says:
      5 years ago

      Hello Raman,

      Thank you for connecting with us.

      Since we are not legal experts, therefore you should consult your advocate, who can guide you in a better manner with regards to your question.

      However, as per the present regulations, you can go to the court within 30 days from the delivery of the notice.

      You can read more banking blogs

      Happy Reading!!

      Reply
  5. Blair Sartell says:
    4 years ago

    Thanks for the great info! Looking forward to more updates on this.

    Reply
    • Sakshi Agarwal says:
      4 years ago

      Hi,

      Thank you for reading!

      For receiving updates on our new posts please register on our blog page!

      Keep Reading!

      Reply
  6. Rahul says:
    3 years ago

    Sir I have written a cheque amount in two different handwriting it will be honoured by bank or not

    Reply

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