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Elements of cheque
- 1. Date here Multi City or LocalCheque 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. OffizoBranch 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. OffizoBranch 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. OffizoBranch 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