elements of cheque
TRANSCRIPT
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 Cod
e
Cheque No
MICR - City code/Bank
code/Br Code
A/c No
Cheque type
Amount coding area
Anil Kumar
Customer Name
& Co
AA/C Payee
13 _ 11 - 2011
PRANAB MUKHERJEE.
THIRTY THOUSAND ONLY 30,000.00
Tra
inin
g Ban
k Lt
d.
Offizo
Bra
nch
TRAINING BANK LTD.Offizo Branch Raipur
492-999-002
14-11-2011MICR 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
13 _ 11 - 2011
PRANAB MUKHERJEE.
THIRTY THOUSAND ONLY 30,000.00
Tra
inin
g Ban
k Lt
d.
Offizo
Bra
nchCentra
l Coo
p
Bank
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.
TRAINING BANK LTD.Offizo Branch Raipur
492-999-002
14-11-2011MICR 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.
TRAINING BANK LTD.Offizo Branch Raipur
492-999-002
14-11-2011MICR 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