Similarly, by putting "only" you signal the end of the amount in words and it cannot be further changed even with the same ink.Īlways start with the left most corner of space provided. if you issue a cheque for Rs 10000 and forgot to put "/-" then it's easy to put another zero there. This prevents someone from altering the amount by using the space left after you have written e.g. Write "only" after amount in words and put "/-" after the amount in numbers cheque where you have signed but not put the amount or payee name.Ģ. Most of the cases of cheque misuse are because of issuing a blank cheque i.e. These are simple points based upon common sense but goes a long way in minimizing the risk of unauthorized additions on cheques and their misuse.ĭon't give a blank cheque to anyone, not even to your close relatives, friends and family members. Let's see some of best practices you can follow while issuing or writing a cheque. Since most of you have already been issuing cheques, you might know all of these do's and don't's of issuing and handling cheques, I thought it's a good time to revise them on the wake of Demonetization.īest Practices to follow while Issuing a cheque These best practices are mostly the result of common sense but go a long way to secure and safe transaction and reduce the fear of misuse of cheques. Well, it's good to be cautious but you alleviate most of your fear by following some cheques related best practices while issuing cheques and while handling cheques. Someone can change the amount or account number or copy their signature etc. Even though cheques are there from a long time, I have found people afraid of issuing cheques, partly due to a fear that it can be misused. If you look at all of them Cheque is probably the oldest way of doing the cashless transaction and after Demonetization it's important has increased more. One positive side-effect of Demonetization is increasing cashless transaction, be it by using Debit card, Credit, Card, Mobile Wallets e.g.
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