LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Bank cheque payment: SBI, HDFC, ICICI, Axis, BoB, PNB, ICICI, Canara, other bank customers, don't do this

Do you still use bank cheque books to make payments? Then know that there is a threat to your money if you make a number of these mistakes.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Bank cheque payment: SBI, HDFC, ICICI, Axis, BoB, PNB, ICICI, Canara, other bank customers, don't do this
Most of the major payments by people and companies are through bank cheques despite the fact that digital payments are gaining traction across the country. Image Source: Reuters
Written By: ZeeBiz WebTeam
Updated: Sun, Oct 14, 2018
05:49 pm
ZeeBiz WebDesk
RELATED NEWS
Bank Holidays March 2021: RBI says banks will remain closed on these many days this month  Bank Holidays March 2021: RBI says banks will remain closed on these many days this month
HDFC Bank, ICICI Bank and Axis Bank: Morgan Stanley says restrictions around 'government businesses' lifted for private banks HDFC Bank, ICICI Bank and Axis Bank: Morgan Stanley says restrictions around 'government businesses' lifted for private banks
SBI, HDFC Bank and ICICI Bank: How to limit losses and put correct stop-loss SBI, HDFC Bank and ICICI Bank: How to limit losses and put correct stop-loss
Sharekhan prefers SBI in PSU Banking space while HDFC Bank, ICICI Bank in Private Banking space Sharekhan prefers SBI in PSU Banking space while HDFC Bank, ICICI Bank in Private Banking space
Sensex today: Big jump! Index hits 52,000 mark, NSE Nifty also firm; Indusind Bank, Axis Bank, HDFC among gainers Sensex today: Big jump! Index hits 52,000 mark, NSE Nifty also firm; Indusind Bank, Axis Bank, HDFC among gainers

Do you still use bank cheque books to make payments? Then know that there is a threat to your money if you make a number of these mistakes. Most of the major payments by people and companies are through bank cheques despite the fact that digital payments are gaining traction across the country.

While dealing in cheques may give you a sense of security, but remember, this can be very false if you are in habit of doing it wrong. However, what is it that is going wrong? Idea is to identify the same and we show you how to do it right.

From mistakes like not crossing the cheques ('account payee' or 'ac payee'), leaving the cheque book unattended, leaving the box and line where amount is written blank to putting your actual signature on cheque booklet for all to see, bank account holders make numerous mistakes. 

To ensure that you do not make these mistakes that can lead to you losing a lot of money quickly, we handhold you through the list of dos and don'ts that you must follow, wherever and whenever you are carrying your cheque book and intend to use it to make payments.

Remember, once you lose your money, the chances of getting it back are virtually none.    

Here is Full List of Bank Cheque Dos and Don'ts:

1. Do cross the cheque wherever applicable.

2. Check that all the cheque leaves are intact and proper at the time of getting it issued by bank.

3. When writing a cheque, use a pen with permanent ink. Ideally, a ball pen.

4. Always dispatch cheques by registered post and cross them by a/c payee.

5. Never leave unused spaces on the cheque. You must always draw a line through them 

6. Unused cheques and requisition forms should always be returned to the bank.

7. Never leave your cheque book unattended.

 9. If you make a mistake, apart from alteration in date, do not make any other changes to the cheques presented in CTS clearing. Also, the change must be backed by your signature.

Watch This Zee Business Video Here: 

10. In case you realise later that you have made a mistake, to stop payment of cheque, issue written instructions to the bank by giving the cheque no., date, amount, and payee’s name.

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.

TAGS:
HDFC BankState Bank of IndiaCanara BankAxis BankBank of BarodaPunjab National BankICICI Bank
RELATED NEWS
Bank Holidays March 2021: RBI says banks will remain closed on these many days this month  Bank Holidays March 2021: RBI says banks will remain closed on these many days this month
HDFC Bank, ICICI Bank and Axis Bank: Morgan Stanley says restrictions around 'government businesses' lifted for private banks HDFC Bank, ICICI Bank and Axis Bank: Morgan Stanley says restrictions around 'government businesses' lifted for private banks
SBI, HDFC Bank and ICICI Bank: How to limit losses and put correct stop-loss SBI, HDFC Bank and ICICI Bank: How to limit losses and put correct stop-loss
Sharekhan prefers SBI in PSU Banking space while HDFC Bank, ICICI Bank in Private Banking space Sharekhan prefers SBI in PSU Banking space while HDFC Bank, ICICI Bank in Private Banking space
Sensex today: Big jump! Index hits 52,000 mark, NSE Nifty also firm; Indusind Bank, Axis Bank, HDFC among gainers Sensex today: Big jump! Index hits 52,000 mark, NSE Nifty also firm; Indusind Bank, Axis Bank, HDFC among gainers

LATEST NEWS

Redmi Note 10 series India launch: Check first look, key specs and other details here

Warren Buffett lesson: Oracle of Omaha buys back stock even as pandemic hits results; highlights of letter to Berkshire Hathaway investors

IIM Bangalore placement 2021: 100% placement! 435 students get 481 offers

Anil Singhvi’s Strategy March 1: Day support zone on Nifty is 14,465-14,525 & Bank Nifty is 34,650-34,800

Reliance Jio, Bharti Airtel and Vodafone Idea I The battle rages - check the latest update

CG Police Recruitment 2021: Chhattisgarh DEF Constable result decaled on cgpolice.gov.in —Download it this way

Godrej Properties buys 1.5 acre land parcels worth Rs 166 cr for residential proj in Mumbai

REVEALED: 'Laga bhi diya...' - What PM Narendra Modi told nurse P Niveda after COVID-19 vaccine shot

Yoga brings me closer to myself: Willow Smith

Property Buying Tips: 5 things to keep in mind before buying a home in 2021

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved