Cheque
Bearer Cheque vs Order Cheque: Differences, Safety, and When to Use Each
A bearer cheque pays whoever presents it; an order cheque pays only the named payee or their endorsee. Learn the differences under…
BankingPositive Pay System (PPS): How It Protects Against Cheque Fraud
Quick answer: The Positive Pay System (PPS) is an RBI-mandated cheque verification process where the person issuing a cheque shares its key…
BankingHow to Deposit a Cheque: Step-by-Step Process for Banks and Branches
To deposit a cheque in a bank in India, fill a cheque deposit slip (pay-in slip) with your account number, cheque number,…
BankingHow Long Does Cheque Clearing Take: Complete Time Guide for All Banks
Quick answer: Cheque clearing time in India is now the same working day for most cheques. Under RBI’s continuous clearing system, a…
BankingWhat is Cheque Bounce: Meaning, Consequences, and Legal Implications
Quick answer: A cheque bounce is when a bank refuses to pay a cheque and returns it unpaid, most often because the…
BankingSection 138 NI Act: How Cheque Bounce Cases Are Prosecuted in India
Quick answer: Section 138 of the NI Act, 1881 makes it a criminal offence when a cheque given to pay a debt…
BankingDrawer, Drawee, and Payee in Banking: Complete Definition and Roles
Quick answer: In banking, the drawer is the account holder who writes and signs a cheque, the drawee is the bank ordered…
BankingCancel Cheque Image: What It Is, Why You Need It, and How to Get One
A cancel cheque image is a clear photo or scan of a cheque leaf that has two parallel lines drawn across it…
BankingCheque vs Check: Correct Spelling and Usage in Banking
Quick answer: The correct spelling in Indian banking is cheque. A cheque is a written order to a bank to pay a…
BankingHow to Write Amounts in Words on Cheques: Complete Guide with Examples
To write an amount in words on a cheque, spell the figure in the Indian numbering system, start with “Rupees”, end with…
BankingWhat is a Cheque: Complete Definition, Types, and How It Works in Banking
A cheque or bank cheque is a signed written order from an account holder telling their bank to pay a fixed sum…
BankingDemand Draft vs Cheque: Key Differences and When to Use Each
A cheque is a payment instruction issued by an account holder, while a demand draft is issued by a bank after receiving…