How to Fill Bank Cheque Without Any Mistake - YouTube

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Hello, my name is Mukul, welcome to asset yogi.

Where we unlock finance knowledge

In this video, we are going to do very simple work.

We will learn to fill cheque, it is a very easy task.

Most people knew, but still, we make some mistakes.

And because of it, we have to face fraud.

Where did the motivation for this video come from?

A month ago my father's friend he is around 65 years

A fraud happened with him, although he is a very experienced and educated person

He made a cheque for someone else and someone else withdrew the money.

And the cheque was for ₹7000 and the amount was withdrawn ₹70,000.

So why did this happen and what did he ignore?

We will see that and what other kinds of mistakes we make while making a cheque?

We will see that too and we will also see all dos and don'ts related to the cheque.

So stay tuned till the end

Video is not going to be very long

All the things are simple but they are very important to, let's go straight to the blackboard.

So let's see what happened in the fraud case I was talking about.

So the person in whose name this cheque was issued used erasable ink.

He gave his pen to the one who has to sign it

And that was a fraudster pen and its ink was erasable.

He went to his house and erased it all,

And he also erased the amount and filled a new amount.

Later he changed the amount and put his name also

Maybe he has a fake id too.

Account payee was not written here.

so he took out the cash

So this is a particular type of fraud, we will see how this could be avoided.

So firstly we will understand the cheque and then we will see how we should fill it

So firstly let us understand the cheque

Here is the name of the payee, name of the person for whom this is issued.

You will write his name, next to pay.

Here the amount is written in words, and here the amount is written in figures.

Here the date is written

pay attention to the date,

The cheque will be valid only for 3 months from the date you wrote in it.

So the cheque is valid for only 3 months.

Here we do signature, this is your account number

It is an axis bank account, I have hidden the account number

This is the address of the bank branch,

And here IFSC code, this code is required whenever you do transactions.

So this code is asked, This is your 6 digit cheque number

The 9 digit number is your MICR code.

This is your 6 digit account ID number which is maintained with RBI.

generally, you don't have to use it.

This id is useful only if a cheque is made in RBI.

But in day to day activity there is no need for this

These last two digits are transaction code

These are also not needed in day to day activity

You only need IFSC Code, Cheque Number and MICR Code

Account Number is the main

These are the basic details of the cheque

Now we will see how cheque is filled

To see this as we have filled this cheque

For example, we have issued a cheque of 7000 in the name of Amit Kumar

So let's see is the right way to fill the cheque ?

No, it's not

There are mistakes

See there is space in this

I can change the name by adding "A"

Else I will Change it to Kumari

Or else let's say someone wants to do fraud with you

Let me erase this

It can also be changed to PAMIT.

So from this, we need to understand that we don't have to leave space

And secondly, It may be possible that to whom this cheque is being issued

the amount can be changed to 27,000 instead of 7,000

So see if you leave space you may suffer from fraud

Or it may be changed to 70,000

Or 7,00,000 so now We will see what's the right way to fill a cheque

So here don't leave the space in writing Amit

And also after That don't leave space so that a letter can't be written here

Only leave space to make them look separate words

Next, we have to fill update here also don't leave space

We will write today's date i.e. 17/04/2018

If you don't want to pay to Amit Kumar then cross cheque like this

Cross cheque means that amount will be transferred to his account only

And also write account payee

So now amount will be transferred to Amit Kumar's account only

After writing the name put line in the space so that it can't be changed

And with that cut the bearer word also

This means that who are presenting the cheque the amount may be received by him

So if you want to transfer in account cut this bearer also

while writing amount 7,000/- here also don't leave space And will draw like this

So we will write in figures like this and words also

We will not leave space

We will add "ONLY" words also so that anything cannot be added to it

And also Don't leave space so that it can be changed to seventy

After that draw a line

Fill the space with a line

So Like this, you will fill in all these details

Then you will do a signature so for example this is my signature

Or let's say I Did it incorrectly or I may remember that I signed

Differently in this account number so you can also do another one

So I remember that I did it like this So I can do it another one with the line

And remember that You don't do overwriting

Let's say you wrote Kumari and then you cut "I" so this kind of cheque Got Rejected

So you don't have to do this type of overwriting

And also remember Where there is a MICR number don't do any type

Of stapling or anything

Don't apply any mark or don't fold the cheque from there

Because MICR means Magnetic Ink Character Recognition

And by this system bank validate and check the authenticity Of your cheque

So don't Do any tempering from MICR Number

And also remember one thing when you are writing the name of the payee

Don't do spelling Mistakes Because in that case Cheque may be gone to wrong hands

or it may be possible that the cheque may not be encashed

These are the basics to fill up a cheque

Several times you have to give security cheques in the bank

For example, you have taken any home loan Or any type of security loan

So the bank keep the security cheque with itself for the amount you have taken

So if you are giving any blank cheque to any bank so write there "Not to exceed"

Write maximum limit like this

So write not to exceed Rs 15,00,000 if you have taken 15,00,000 maximum loan

After that on the backside of the cheque

You can also write your purpose, name

For example, you are giving your child's fee

So write the child's name, class, and daughter of

And the mobile number and sign and attached it

So on the backside, you have to write the purpose sometimes

For example, the cheque is in your name and you are transferring your cheque

In your account so that cash is in your account so write here your account

Details and sign while writing your name

After that when you issue a cheque then you are provided with a record slip

It is in cheque book in front so there fill all these details

So to whom you are issuing let's say you filled to date, Cheque number

Cheque issued to, to whomever the cheque is issued payee name

And this is required when you want to cancel any cheque so

It may be possible that you might not remember the cheque number

Or date or to whom you issued the cheque

So it will be useful for cancellation of cheque

See that I have issued a cheque on 17th to Amit Kumar

So I have details

If you want to withdraw cash through a cheque

So you have to write self in the payee column

And draw a line, you have to remember that you don't need to

Write account payee and don't need to cut bearer

So if you give self cheque then you can withdraw an amount from any bank

Use a cheque, if you want to cancel a cheque

Then write clearly canceled like this

Many times banks ask for the copy of cancel cheque

because they need IFSC code

Your branch details and account number so you can cancel like this and give

So these Were our basic tips

let me give you some additional tips also

So as we have Seen that fraud case

So you can avoid this By filing your cheque from your Pen

And sign that Always and secondly you can also add your account number

For example, if the amount is very big let's say the cheque is 7,00,0000

So You can do like This as I have mentioned account number

You can mention the account number of that particular person

Besides this, you can also apply tape

Here I have applied tape in this area

So here no one can change it

And here also in the amount Column, I have applied tape

So amount cannot be changed

if the amount is very big so you can also use this trick

And in fact, many banks use this if you receive a Very big amount of cheque

So you may have noticed That there Is tape In that

And as we have talked about a fraud case

That someone has used an eraser and rubbed it

With this you will not face that problem too

And the last tip is that nowadays everyone has mobile phones

Take a snapshot of the cheque

So you will have a record of this

We will keep the record in the slip also

And you will also have a snapshot of the exact amount of transaction

So I think I have talked about all the mistakes

Or the tips we must use writing a cheque

I have shared all this with you and if I have missed any points so please tell me

In the comment section, please

If any type of fraud has been associated with you so share that also

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