SBI Cheque Book: How to apply for it, know the rules, charges and more
SBI Cheque Book: If you are a State Bank of India (SBI) account holder then this information regarding issuance of cheque books could be critical to you. Cheque books are an essential part of the day-to-day banking among the people. They are not only used to make current payments but also post-dated payments or EMIs on loans
SBI Cheque Book: If you are a State Bank of India (SBI) account holder then this information regarding the issuance of cheque books could be critical to you. Cheque books are an essential part of the day-to-day banking among the people. They are not only used to make current payments but also post-dated payments or EMIs on loans. If cheque books are an essential part of your day-to-day banking, then it is quite likely that there is always a need to get the cheque book issued from the bank on a constant basis.
In case of SBI cheque book, then know that the state lender will issue the first cheque book to the customer only after completion of all formalities with regards to opening of the account. No charge will be recovered for issue of 25 cheque leaves in a year.
See Zee Business Live TV Streaming Below:
Thereafter, SBI will impose service charge on the account holders. The current charges prescribed for this are available at the Bank's website bank.sbi. This information can also be obtained from Branches.
The account holders must use only the cheques from the cheque books issued to them by the Bank. As per the information on SBI website, the bank reserves the right to refuse payment of any cheques drawn otherwise.
As a general practice, SBI issues one cheque book at a time or before exhausting all or nearly all cheque leaves issued previously. The cheques written by the account holder must be written legibly.
SBI also gives the customers facility to stop payment in the event of the loss of cheques issued or any other reason. SBI cheque can be stopped with the bank on payment of a prescribed service charge. The current charges prescribed for this are available at the Banks website bank.sbi.
Any account related information can be obtained from the bank branches.
How to apply for a SBI cheque book?
SBI cheque book request can be made by visiting a bank branch or online. Here is how you can apply for it online:
1) Log in to SBI net banking account with your username and password.
2) After login, a new page will appear here click on 'Request & Enquiries' option.
3) From the drop-down menu, click on the 'Cheque Book Request' option.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 SIP Mutual Funds in 1 Year: What Rs 10,000, Rs 15,000, and Rs 20,000 SIPs have given in each fund
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
03:52 PM IST