Bank Cheque Rules: If you also use checks for money transactions, then this news is for you. In fact, today we are going to tell you in our news that if you make these seven mistakes while filling the cheque, then you may have to suffer huge losses.
Most banks provide a Cheque book along with opening the account, which is used for transactions. If you have to pay a large amount of money or give a check for any official work, it is necessary to have a check book. It contains information like your name, account number etc. which is required to be signed while giving it to someone.
Even a Cheque without your signature does not pass through the bank. Apart from this, do you know that making some mistakes can also cause your Cheque to bounce. Not only this, you can also become a victim of a fraudster. Therefore, today we have brought some such mistakes for you, if you commit them, you can get into big trouble.
1. Do not make the mistake of signing wrongly.
Often you sign a Cheque in a hurry, but in such a situation you may have a wrong signature. Therefore, when you are signing a cheque, try to leave all your work aside and sign it carefully. If your signature is wrong, your Cheque may bounce.
2. Do not sign blank cheques.
Many people sign and leave a blank Cheque so that when they have to give the Cheque to someone, all they have to do is write the amount and name. However, this mistake of yours can also cause loss to you. Keep in mind that sign the Cheque only after writing the name of the Cheque giver, date and amount.
3. Use permanent ink-
Use only permanent ink pen to fill in the details like signature, name, amount etc. in the cheque. In such a situation, no changes of any kind can be made by truncation and you will also be saved from being fraud.
4. Do not give signed Cheque to anyone-
You should keep in mind that never give a blank Cheque to anyone. No matter how much you trust someone, never give them a blank Cheque signed by you. In such a situation, anyone can withdraw money from your account by filling the amount in your cheque.
5. Don’t forget to write Only in the cheque.
Along with writing the amount on the cheque, it must be written only. Its purpose is to protect from fraud. If you do not write only then a fraudster can add more amount in it.
6. Give only canceled cheques-
If you are asked to give a cheque for account details as a document, then you do not have to give a blank or signed cheque. In such a situation, you should give the cheque by writing Cancel on it.
7. Do not give cheque without phone number.
When you give a signed cheque to someone, along with name, amount and other details, write your signature and the phone number linked to the bank on the back of the cheque. Avoid making all these mistakes.
