What are the essentials of a cheque?

Answer 1

The essential elements of a cheque include the name of the bank, account payee, payee of whom the cheque is written to, date of the cheque, the payment amount written in words and numbers, serial number of the cheque, the bank state and branch code, and the account number. A signature must be signed at the bottom signature line for the payee to present the cheque.

Answer 2

*It must be in writing.

*It must Singed by the drawer i.e account holder

*It must contain an order.

*It must be drawn on a banker.

*It must be drawn only by the customer of the bank.

*The order relating to payable must be unconditional

*The order must be for the payment of a certain sum of money.

*It must be payable on demand.

*The amount of the cheque must be made payable to certain person or to this order.