This document discusses a cheque that is crossed to two banks - Central Coop Bank and Training Bank. The cheque contains the names of the payee, amount in figures and words, account and branch details, and MICR code. Initially, the clearing seal on the back of the cheque is ambiguous since it is crossed to two banks. However, the correct process is that Central Coop Bank has authorized Training Bank to act as its agent for collection, so Training Bank's clearing seal allows the cheque to be paid.

1. Date
here
Multi City or
Local Cheque
Bank
Name
Payee’s
Name
Strike out
“BEARER” to
make it payable
to order
Signature
Area
Amount
in
Figures
Amount in
words
Account
No
Branch
Details
IFSC
Code
Cheque
No
MICR - City
code/Bank
code/Br
Code
A/c
No
Cheque
type
Amount
coding
area
Anil Kumar
Customer
Name

4. 13 _ 11 - 2011
PRANAB MUKHERJEE.
THIRTY THOUSAND ONLY
30,000.00

5. TRAINING BANK LTD.
Offizo Branch Raipur
492-999-002
14-11-2011
MICR CLEARING
Clearing seal appearing at the back of cheques presented in
clearing.
Clearing Bank
Name
Name of the
branch
participating in
clearing on behalf
of Bank
MICR
CODE
Clearing
Date Clearing
Type

6. 13 _ 11 - 2011
PRANAB MUKHERJEE.
THIRTY THOUSAND ONLY
30,000.00
This cheque is example of ‘cheque crossed to Two Banks. Here this
cheque is crossed to Central Coop Bank and Training Bank both
We shall see how it will be treated with endorsements and clearing seal.
The next slides shows the back of this cheque.

7. TRAINING BANK LTD.
Offizo Branch Raipur
492-999-002
14-11-2011
MICR CLEARING
This clearing seal is ambiguous with reference to
two crossings on face of the cheque. The cheque
will be returned with reasons “Crossed to two
Banks”. Correct position is in next slide.

8. TRAINING BANK LTD.
Offizo Branch Raipur
492-999-002
14-11-2011
MICR CLEARING
Here Central Coop Bank has authorized Training
Bank as ‘agent for collection’ on its behalf and
Training Bank has put clearing seal. This cheque
can be paid.
Pay to Training Bank as
agent for collection.
For Central Coop Bank
Branch Manager
Raipur Branch