Top 5 mistakes people make while writing Cheque’s
One of the most common ways to pay someone is by check. The check gives you the flexibility to make payments after a certain date (at the check post of the date) by writing it now. Writing a check may seem like an easy task but did you know that there are many weak links in writing a check that can create a big problem for you.
If you are not careful when writing a check, it can be misused by someone else and there is a possibility of unwanted headaches as well as minor damage to you. Today's generation is very effective in writing checks. In this article, I will cover 6 points you must practice writing your points. You can see these 6 point check writing the step-by-step recipes as you can see them one by one.
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| 5 mistakes while writing Cheque |
1. Do not leave spaces between words or numbers
This is an intelligent one. When you write numbers and words on the check, regardless of the name or amount, never leave any space or gap between them as it allows you to add some alphabets or numbers and change the whole check.
Imagine that you have given a check to "Ankit Sharma", but put enough space between "Ankit" and "Sharma" and it looks like "Ankit Sharma". One can add an additional "A" after "Ankit" and the name can become "Ankita Sharma". But if you leave just a small space between "Unkit" and "Sharma", it will be difficult to add another alphabet.
2. Make sure you pass the check as "A / C Provider"
If you are going to make a payment to someone and want to force the payment to go to the same person's bank account, you need to put a double cross line in the upper-left corner of your check to write "A / C Pay or" Account Payee ", which confirms That this money will only be deposited in a bank account and will not be handed over to anyone as cash as a counter.
Lots of people forget to do this, and if the check is placed in the wrong place or lost, someone can identify themselves as the target and take money from the bank, I hope you know how easy it is to steal someone's identity and misuse the document You know.
3. Add a line at the end and after the amount at the end
I recently learned this point, where you added a running line - after the name and the amount of chalk, making sure that any trimming after the name and amount could add something and misuse it.
4) Cancel the word "bearer"
If you look closely at your check, in the "Pay" section, there is space for the name and then it will end with "or bare" in the right corner, which means the person whose name is written on the check or someone else who is carrying the check is encashing it. Yes, but "A / C Pay" will be added to check as mentioned in the 2nd point above. So if you don't want to, you should always discard the word "bearer" from your check. This ensures additional protection of the check.
5. Add a "/ -" sign after the amount
Now it may seem so small but this simple trick has a lot of knowledge in it. There is a huge difference between Rs. 37,000 and Rs. 37,000 / -. In the first option of Rs. 3,000,000, you can add more numbers at the end and if there is enough space before that, you can make it Rs. 37,00000, but in case of Rs. 3,000 / - you can't do anything. Below is a general example of how this can be abused.
Keep the details of the check issued even if it seems annoying!
And lastly, when you give someone a check, write down the check number, the account name, the amount and the date it was issued, because you may need this information if you want to cancel the check. A lot of times, it happens that you have to cancel the payment, but do not remember the details. This information will come in handy from time to time and will help you work faster. There is a short tutorial on how to write a check for ICICI Bank which I have attached below, take a look at it and you will understand most of the things.
Welcome to our blog “CYBER SUGGEST“. Debmalya Datta is a professional Blogger, Developer, Social Media Influencer, Digital Marketer and Entrepreneur. He loves doing work which makes him happy, that’s why he choose Blogging and Educate people. You will love exploring educational stuff on our blog. Live your dreams as much as you can. Be a SHAMELESS SELF-PROMOTER
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