{"id":19165,"date":"2022-10-31T11:24:01","date_gmt":"2022-10-31T11:24:01","guid":{"rendered":"http:\/\/34.100.199.175\/?page_id=19165"},"modified":"2023-07-03T12:09:46","modified_gmt":"2023-07-03T12:09:46","slug":"what-is-cheque","status":"publish","type":"page","link":"https:\/\/mybillbook.in\/s\/banking\/what-is-cheque\/","title":{"rendered":"What is cheque"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-3-88019568' style='margin: 8px 0; clear: both;' data-insertion-position='prepend' data-selector='.ai-insert-3-88019568' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTMnIHN0eWxlPSdtYXJnaW46IDhweCAwOyBjbGVhcjogYm90aDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDQvdG9wLW5ldy1iYW5uZXIuanBnIiBhbHQ9Imdyb3cgYnVzaW5lc3MiPiA8L2E+CjwvZGl2Pgo=' data-block='3'><\/div>\n<script>\n  ai_run_760760721715 = function(){ai_insert_viewport_code ('ai-insert-3-88019568');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_760760721715 (); else document.addEventListener ('DOMContentLoaded', ai_run_760760721715);\n<\/script>\n<br \/>\n[\/vc_column_text][vc_column_text]<\/p>\n<h1 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"What_Is_Cheque\"><\/span><span style=\"font-weight: 400;\">What Is Cheque?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span style=\"font-weight: 400;\">The cornerstone of the banking sector and a crucial negotiable instrument in the nation is the Cheque. Each Cheque has a cheque number, an IFSC code, and a MICR.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\\n&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}\"><div class='ai-viewports ai-viewport-1 ai-insert-7-19557945' style='margin: 8px auto; text-align: center; display: block; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-7-19557945' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTcnIHN0eWxlPSdtYXJnaW46IDhweCBhdXRvOyB0ZXh0LWFsaWduOiBjZW50ZXI7IGRpc3BsYXk6IGJsb2NrOyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvZ3Jvdy15b3VyLWJ1c2luZXNzLTEweC0xLnBuZyIgYWx0PSJkb3dubG9hZCBhcHAiPiA8L2E+CjwvZGl2Pgo=' data-block='7'><\/div>\n<script>\n  ai_run_804560571830 = function(){ai_insert_viewport_code ('ai-insert-7-19557945');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_804560571830 (); else document.addEventListener ('DOMContentLoaded', ai_run_804560571830);\n<\/script>\n<br \/>\n<\/span>[\/vc_column_text][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Latest_updates_on_Cheque\"><\/span>Latest updates on Cheque<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A few months ago, the Reserve Bank of India introduced the &#8220;positive pay scheme.&#8221; The new regulation states that if you are paying more than Rs. 50,000, you must double-check a few critical pieces of information related to the Cheque.<\/span><\/p>\n<h3>What Does a Positive Pay Scheme indicate?<\/h3>\n<p><span style=\"font-weight: 400;\">Positive Pay is a technique that was developed to look for any fraudulent activity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When a cheque is offered for clearing, specific information about it is compared to a list of checks you have previously issued to spot these fraudulent actions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They include the payee&#8217;s name, the sum, the account number, the pay date, and the check number. Cheque leaves frequently have a MICR code, also known as Magnetic Ink Character Recognition (MICR), printed at the bottom. It speeds up the processing of cheque payments, minimises payment errors, and makes it simpler to recognise cheques.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The MICR system uses 9-digit codes, with the first three identifying the city, the following three the bank, and the last few the specific branch code.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To enable quicker and more efficient check processing, MICR codes on checks serve a crucial purpose.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In contrast, an IFSC code, printed on your check leaf, is also a vital part of the banking system.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This code aids in precisely identifying particular bank branches, enabling error-free and effective fund transfers between banks.<\/span>[\/vc_column_text][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_find_the_cheque_number\"><\/span>How to find the cheque number?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">We frequently need a cheque number to follow the status of the cheque. One can recognise a cheque by its specific number, which is known as the cheque quantity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can identify the cheque layout with the help of the following factors:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The check quantity is the six-digit amount inscribed in the check&#8217;s bottom left corner.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The magnetic connection character&#8217;s character code is known as the MICR. The 9-digit MICR code indicates the financial institution and department that issued the cheque.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The first 3 digits are essentially the city code; the next 3 represent the financial institution code, and the final 3 represent the department.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The six digits listed in the cheque are part of the account quantity after the MICR code.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The transaction ID is the final 3 numbers at the bottom of a cheque. It clarifies whether the cheque is local or payable at par.<\/span><\/li>\n<\/ul>\n<p><b>Note:<\/b><span style=\"font-weight: 400;\"> Local checks can be cashed best at the banking institution that issued them, and cheques payable at par can be cashed in any department. The majority of cheques are payable using a central banking instrument.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Where_on_the_cheque_is_the_cheque_number_positioned\"><\/span>Where on the cheque is the cheque number positioned?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The requirements for a cheque are always the same for all banks. The first 6 digits are cheque numbers, and the next 9 are MICR codes.<\/span><\/p>\n<p><b>Note:<\/b><span style=\"font-weight: 400;\"> It makes no difference if you have an account with the Punjab National Bank, ICICI, UCO, OBC, BOB, union, Canara, Yes, Dena, etc. the process remains the same.<\/span>[\/vc_column_text][vc_column_text]<span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\\n&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}\"><div class='ai-viewports ai-viewport-1 ai-insert-7-89244816' style='margin: 8px auto; text-align: center; display: block; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-7-89244816' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTcnIHN0eWxlPSdtYXJnaW46IDhweCBhdXRvOyB0ZXh0LWFsaWduOiBjZW50ZXI7IGRpc3BsYXk6IGJsb2NrOyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvZ3Jvdy15b3VyLWJ1c2luZXNzLTEweC0xLnBuZyIgYWx0PSJkb3dubG9hZCBhcHAiPiA8L2E+CjwvZGl2Pgo=' data-block='7'><\/div>\n<script>\n  ai_run_387315596993 = function(){ai_insert_viewport_code ('ai-insert-7-89244816');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_387315596993 (); else document.addEventListener ('DOMContentLoaded', ai_run_387315596993);\n<\/script>\n<br \/>\n<\/span>[\/vc_column_text][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Features_of_a_Cheque\"><\/span>Features of a Cheque<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><i><span style=\"font-weight: 400;\">Cheques have a variety of properties, including:<\/span><\/i><\/p>\n<ol>\n<li><b>1<\/b><span style=\"font-weight: 400;\">. <\/span><b>Elements of writing:<\/b><span style=\"font-weight: 400;\"> You need to write a cheque. The words alone do not represent any cheques.<\/span><\/li>\n<li><b>2<\/b><span style=\"font-weight: 400;\">. <\/span><b>Conditionless:<\/b><span style=\"font-weight: 400;\"> The cheques are not requests; they are an order to pay. The request must be granted without conditions.<\/span><\/li>\n<li><b>3<\/b><span style=\"font-weight: 400;\">. <\/span><b>A banker must write the cheque:<\/b><span style=\"font-weight: 400;\"> Typically, a specific banker draws it. A cheque may be drawn from a bank where the drawer has an account, a savings account, or a current account.<\/span><\/li>\n<li><b> The document must be dated and signed using the drawer: <\/b><span style=\"font-weight: 400;\">A cheque must be signed through the specific drawer to be valid.\u00a0<\/span><\/li>\n<li><b> A specific amount written on the cheque needs to be paid: <\/b><span style=\"font-weight: 400;\">The cheque must specify that only a specific amount is to be paid. If the cheque has any interest in doing anything but paying cash, it cannot be a cheque.<\/span><\/li>\n<li><b> Predictable timing:<\/b><span style=\"font-weight: 400;\"> Cheques are generally valid for 6 months from the date printed on them. A <\/span><a href=\"https:\/\/mybillbook.in\/s\/banking\/stale-cheque\/\"><span style=\"font-weight: 400;\">stale cheque<\/span><\/a><span style=\"font-weight: 400;\"> is what it is known as after that. A check that has been submitted or antedated is legitimate. In each situation, the date on the cheque is used as the start of the check&#8217;s validity.<\/span><\/li>\n<li><b> It is payable on demand:<\/b><span style=\"font-weight: 400;\"> It is payable on demand: Although the terms &#8220;on-demand&#8221; or similar phrases shouldn&#8217;t be used, a check must pay a specific amount of money when called upon.<\/span><\/li>\n<li><b>8<\/b><span style=\"font-weight: 400;\">. <\/span><b>The drawer themselves can be the ones to get the check:<\/b><span style=\"font-weight: 400;\"> Cheques may be payable to the drawer themselves. In contrast to an invoice or a pro-note, it may be payable to the bearer on demand.<\/span><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_Cheques\"><\/span>Types of Cheques<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li aria-level=\"1\"><b>Self-Cheques<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A cheque drawn in the drawer&#8217;s name, making the payer and the drawer the same person, is referred to as a self-cheque.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the cheque, the term &#8220;self&#8221; would be used in place of the drawee&#8217;s name. It may only be cashed in the drawer&#8217;s bank.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A self-cheque should be used if you need to withdraw money from your account.\u00a0<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Blank Cheque<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The term &#8220;blank cheque&#8221; refers to a cheque with all empty fields except the drawer&#8217;s signature.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Stale Cheque<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In India, a cheque is good for 3 months from the date of issuance. Any cheque that has been deposited more than three months after the day it was signed is considered stale.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Ante-dated Cheque<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If a cheque was written before the current date, it has an antedated date. For example, if the current date is 1 October 2022, but the date on the cheque is 1 December 2021, then it is an ante-dated cheque.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Account Payee Cheque<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A bearer&#8217;s cheque marked &#8220;account payee&#8221; is one that has the words &#8220;account payee&#8221; inscribed on the top left side, between two parallel lines, and crossed twice.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A &#8220;crossed cheque&#8221; is another name for this. It is regarded as the safest method of issuing cheques because the money will only be sent to the account of the person whose name is on the check.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Banker&#8217;s Cheque<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Banker&#8217;s cheques are those the bank issues as a guarantee of payment.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Crossed Cheque<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">An account payee cheque is another name for a crossed check. The words &#8220;account payee&#8221; are inscribed on the top left corner of the bearer&#8217;s check, encircled by two parallel lines.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The money will only be sent to the account listed on the cheque, making it the safest cheque to issue.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><strong>Multi-lated Cheque<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A cheque is deemed mutilated if it arrives at the bank torn or in another way damaged. A cheque will no longer be valid if it is ripped or the critical information is hidden.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Bearer Cheque<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A bearer cheque is given to a representative of the payee or beneficiary in whose favour it was issued as payment. The term &#8220;carrier&#8221; needs to be written in the leaf to process this kind of cheque.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Cancelled Cheque<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Any cheque that has been crossed twice and the word &#8220;cancelled&#8221; put over it is considered to be a <\/span><a href=\"https:\/\/mybillbook.in\/blog\/cancelled-cheque\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">cancelled cheque<\/span><\/a><span style=\"font-weight: 400;\">. It serves as documentation that the person maintains a bank account. Other than this, the cheque does not require your signature or any other markings.<\/span>[\/vc_column_text][vc_column_text]<span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\\n&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}\"><div class='ai-viewports ai-viewport-1 ai-insert-7-30466414' style='margin: 8px auto; text-align: center; display: block; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-7-30466414' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTcnIHN0eWxlPSdtYXJnaW46IDhweCBhdXRvOyB0ZXh0LWFsaWduOiBjZW50ZXI7IGRpc3BsYXk6IGJsb2NrOyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvZ3Jvdy15b3VyLWJ1c2luZXNzLTEweC0xLnBuZyIgYWx0PSJkb3dubG9hZCBhcHAiPiA8L2E+CjwvZGl2Pgo=' data-block='7'><\/div>\n<script>\n  ai_run_458795573065 = function(){ai_insert_viewport_code ('ai-insert-7-30466414');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_458795573065 (); else document.addEventListener ('DOMContentLoaded', ai_run_458795573065);\n<\/script>\n<br \/>\n<\/span>[\/vc_column_text][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_write_a_Cheque\"><\/span>How to write a Cheque<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Step 1:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The first step is to cross a cheque, which involves making two parallel lines on the left-hand corner of the paper.<\/span><\/p>\n<p><b>Step 2:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In the &#8220;Pay&#8221; column, enter the date and the payee&#8217;s name. Continue to type the amount in words, adding the qualifier &#8220;only&#8221; at the end,<\/span><\/p>\n<p><b>Step 3:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Using numbers and the slash (\/-), format the answer.<\/span><\/p>\n<p><b>Step 4:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Sign the cheque at the bottom.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h3 style=\"text-align: center;\">Know more about\u00a0 Billing &amp; Accounting Software for Small Businesses<\/h3>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li><a href=\"https:\/\/mybillbook.in\/s\/restaurant-billing-software\/\">Restaurant Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/billing-software-for-retail-shop\/\">Billing Software for Retail Shop<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/billing-software-for-distributors\/\">Billing Software for Distributors<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/jewellery-billing-software\/\">Jewellery Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/legal-billing-software\/\">Legal Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/hotel-billing-software\/\">Hotel Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/kirana-billing-software\/\">Kirana Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/supermarket-pos-software\/\">Supermarket Pos Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/pharmacy-billing-software\/\">Pharmacy Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/supermarket-billing-software\/\">Supermarket Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/transportation-billing-and-accounting-software\/\">Transportation Billing and Accounting Software<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li><a href=\"https:\/\/mybillbook.in\/s\/mobile-shop-billing-software\/\">Mobile Shop Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/restaurant-pos-software\/\">Restaurant POS Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/retail-pos-software\/\">Retail POS Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/store-inventory-management-software\/\">Store Inventory Management Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/society-billing-and-accounting-software\/\">Society Billing and Accounting Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/medical-billing-software\/\">Medical Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/salon-billing-software\/\">Salon Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/hospital-billing-software\/\">Hospital Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/textile-billing-software\/\">Textile Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/cable-tv-billing-software\/\">Cable TV Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/billing-software-for-bakery-shop\/\">Billing Software for Bakery Shop<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/business-loan\/\" target=\"_blank\" rel=\"noopener\">Business Loan<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/business-loan\/documents\/\" target=\"_blank\" rel=\"noopener\">Business Loan Documents<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/business-loan\/eligibility-criteria\/\" target=\"_blank\" rel=\"noopener\">Business Loan Eligibility Criteria<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li><a href=\"https:\/\/mybillbook.in\/s\/retail-inventory-management-software\/\">Retail Inventory Management Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/erp-accounting-software\/\">ERP Accounting Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/real-estate-billing-and-accounting-software\/\">Real Estate Billing and Accounting Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/hospital-accounting-system\/\">Hospital Accounting System<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/school-billing-software\/\">School Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/department-store-billing-software\/\">Department Store Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/ecommerce-inventory-management-software\/\">Ecommerce Inventory Management Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/travel-agency-accounting-software\/\">Travel Agency Accounting Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/restaurant-inventory-management-software\/\">Restaurant Inventory Management Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/construction-accounting-software\/\">Construction Accounting Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/business-loan\/government-loan-schemes\/\" target=\"_blank\" rel=\"noopener\">Government Loan Schemes<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/business-loan\/small-business-loan\/\" target=\"_blank\" rel=\"noopener\">Small Business Loan<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"[vc_row][vc_column][vc_column_text] [\/vc_column_text][vc_column_text] What Is Cheque? The cornerstone of the banking sector and a crucial negotiable instrument in the nation is the Cheque. Each Cheque has a cheque number, an IFSC code, and a MICR.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text] [\/vc_column_text][vc_column_text] Latest updates on Cheque A [...]","protected":false},"author":9,"featured_media":19170,"parent":18059,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Cheque? Understanding, and Why Cheque is Important?<\/title>\n<meta name=\"description\" content=\"A cheque instructs a bank to withdraw money from a person&#039;s account and pay to the person on the cheque. Read how to check cheque number and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mybillbook.in\/s\/banking\/what-is-cheque\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is Cheque? Understanding, and Why Cheque is Important?\" \/>\n<meta property=\"og:description\" content=\"A cheque instructs a bank to withdraw money from a person&#039;s account and pay to the person on the cheque. Read how to check cheque number and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mybillbook.in\/s\/banking\/what-is-cheque\/\" \/>\n<meta property=\"og:site_name\" content=\"myBillBook\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-03T12:09:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mybillbook.in\/s\/wp-content\/\/uploads\/2022\/10\/what-is-cheque.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Is Cheque? 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