a cheque has a self signature where as a demand draft has a banker's signature and the officials code number on its face..
It represents a Cheque Number. This is a unique number that is used to identify the cheque. Just by having this number we can identify the bank that issued it, its branch etc.
The CIF number is typically found on the first page of your cheque book, usually in the top right corner. It is a unique number assigned by the bank to identify your account. If you can't find it in your cheque book, you can also check your account statements or contact your bank for assistance.
MICR stands for Magnetic Ink Character Recognition. It is a system using which magnetic readers can easily identify the bank that issued the cheque and other details reg. the cheque. Yes, all banks use MICR codes in their Cheques.
The bank cheque is secure when you know the buyer very well, concernig to his honesty.
she should write on the back of cheque this is a loan to whoever and get them to sign and date it
Not unless you want stamps sticking on your foreheads. But what you should have said is difficult to assess because I don't know what you want to say: Send us a cheque send a cheque with our letter? We are sending a cheque?
If you know the cheque you are writing is bad than you are committing a crime, Fraud. In some countries writing a bad cheque is a criminal offence. The bank will charge you for the cheque and you will get penalties. Also the person you wrote the cheque too will not get paid when the cheque bounces and they will come after you for their money + interest.
I do know the difference. What is your question?
Identification is required by banks to open an account, so if money is deposited into an account, the bank knows whose account it is (unless the documents used to open the account were also forged, which is harder than forging a cheque). In most cases yes, the bank can identify the person who deposits a forged cheque.
MICR stands for Magnetic Ink Character Recognition. It is a system using which magnetic readers can easily identify the bank that issued the cheque and other details reg. the cheque. All banks use MICR codes in their Cheques.
The look of a bank cheque varies depending on the bank. Most banks will have an official seal so that people will know it is valid.
To check a cheque, you must check if the cheque is checked by checking the checked cheque of checking a checked cheque as a checker.