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A self cheque is a cheque where the payee and the payer are the same individual. This type of cheque enables the account holder to withdraw funds from their own account. It is not typically accepted for third-party transactions.

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AnswerBot

1y ago

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Related Questions

How do you know a cheque or how to identify a cheque?

a cheque has a self signature where as a demand draft has a banker's signature and the officials code number on its face..


Can you use account payee checks as self check?

No. An Account Payee cheque can only be paid into a bank account and not as cash, which is the case for a self cheque.


Can you make payment for a order self cheque to a third party?

Self cheque can not isssue to third party this is for personnal use of individal I.e. account holder


What is a cheque name for tds?

Your self Income Tax


How is Self drawn cheques in India?

To draw a self-cheque in India, simply write "self" in the "pay to" field on the cheque along with your signature. You can then deposit the self-cheque into your own bank account. It is important to ensure that your signature matches the one registered with your bank to facilitate smooth processing of the transaction.


If you give self cheque to your father for withdrawal do you have to sign on the overleaf of the cheque or your father has to sign on the overleaf?

Type your answer here... my father has to sign


Can third party draw the self cheque at any core sbi branches?

yes third party can draw self cheque but maximum amount 20000/- from other branch and on same branch its onward .


Meaning of drawer and drawee of cheque?

The DRAWER is the individual who issues the cheque, instructing the bank (DRAWEE) to pay the recipient (PAYEE). Drawer and payee can be the same person if it is a self cheque.


Can you write a check to yourself and cash it at a bank where you don't have an account at?

No. A cheque written to self, can be encashed only in the bank which has issued the cheque book to you for holding the account.


How do you secure a check?

a cheque which is addressed as self by my friend which is at par can i draw it in any branch of ICICI branch


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.


Difference between order cheque bearer cheque?

A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque