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a cheque has a self signature where as a demand draft has a banker's signature and the officials code number on its face..
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∙ 12y ago
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What do the numbers at the bottom of a check represent?
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.
How do you know cif no from cheque book?
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.
Does all the cheque are micr cheques?
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.
How secure is a bank cheque for the seller?
The bank cheque is secure when you know the buyer very well, concernig to his honesty.
How can you prove your mother lent money with only a cheque you know it was a loan but the person who received the cheque says it is a gift?
she should write on the back of cheque this is a loan to whoever and get them to sign and date it
Is it correct to say send us with a cheque?
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?
Can the bank do anything to you if you are paying on a bad check?
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.
You need to know the difference between a bank book and a cheque?
I do know the difference. What is your question?
Can bank identify who deposit the forged check?
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.
Why is micr used in banks?
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.
What does a bank cheque look like?
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.
How do you check a cheque?
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.
