Writing a check is likely the easiest thing to do right? Well, perhaps. However, there are some straightforward things we ignore while writing out a check to somebody that can easily be abused.
Drop the words ‘OR BEARER’ and Add ‘A/C Payee’ to the Top Left corner of the check:
Canceling the words ‘Or Bearer’ and adding ‘A/C Payee’ to the top as appeared in the picture will ensure that nobody separated from the individual in whose favor the check is drawn can get the money. If you don’t cross the words ‘Or Bearer’, it very well may be treated as a Bearer check and any individual holding the check can guarantee the money. Imagine if a check is lost, this comes into play.
Try not to leave any space previously or in-between the Name of the Receiver. Try not to leave clear space after the Name is composed:
Try not to leave space between the word PAY and the Name of the Receiver or in between the name and last name in this case. Doing this can allow anybody to include letters in the order previously or after the name and guarantee the money. Continuously strikeout space in the wake of writing the name and start as close as conceivable to the words ‘PAY’ and leave simply absolute minimum spacing in-between the names.
Continuously compose ‘Only’ toward the finish of writing the Amount in Words. Additionally, put a/ – in the ‘Rupees in Number” section. Try not to leave Spaces Anywhere:
Continuously compose the words ‘Only’ after the amount in words. When writing in numbers, put a ‘slash’ as a partition in case there are Paise to be paid. In case there is no Paisa, simply put a hyphen after the slash this way ‘/ – ‘ Also, much the same as the name; don’t leave space before writing the amounts in words as well as numbers and strike out the unfilled space left. If you don’t follow the above mentioned, amounts can be adjusted easily by the fraudster. When writing number to word cheque ought to be liberated from blunders and words ought to be shown unmistakably.
Try not to sign on the MICR Band:
Signing in the MICR Band isn’t right and can get your check shamed. Continuously sign on the space given over the Authorized Signatory text or The Name of the Account Holder.
Remember the Date:
Writing a check without a date can empower anybody to put any date and encash the check at their will. This can be an issue if you don’t have adequate parity in your account at the present time and intend the check to be a post-dated check when that amount might be accessible. The check will be shamed. Additionally, a check without a date won’t be passed by your bank and again will be shamed. Additionally, a wrongly composed date, similar to an off-base year or a month can regularly bring about shame if the date is past 3 months.
Try not to Overwrite:
Continuously recollect to not overwrite, scrawl or drop anything and afterward revamp on a check. If botches happen, attempt to rectify without scribbling, and if impractical, drop the existing check and compose another one cautiously.
Keep the records of your cheques:
Continuously track the checks you issue by noting down the check number and amount paid alongside the name of the Payee and the Date of issue.