Dos & Donts for Handling cheques
Posted on: 05/Dec/2016 11:26:16 AM
Do`s
- Handover a cheque only after correctly filling all details i.e. date, payee name, amount in words and numbers.
- Ensure your account has sufficient funds before you issue a cheque.
- Report loss of cheque leaves to bank immediately and request stop payment. If multiple cheques are lost, request stop payment on the entire series.
- In the event of any alterations/corrections, a new cheque leaf should be used.
- Write cancelled clearly across the face of the cheque to suitably deface it and make it unusable.
Don`ts
Do not keep pre-signed blank cheque leaves.
Do not disfigure or damage the MICR band at the bottom of the cheque in any way.
