A cheque leaf is an individualchequefrom yourcheque bookthat allows you to instruct your bank to pay a specified amount to the person or entity named as the payee. In India, banks and financial institutions commonly use cheque leaf for a variety of transactions, including money transfers, withd...
Drawee or payor bank,the bank which has the drawer’s account from which the cheque is to be paid. It is always bank on which cheque is drawn and is ordered to pay the amount of cheque. The banker on whom it is drawn is the ‘DRAWEE’. This drawee is the responsibility of where t...
If you are issuing an account payee cheque, you must draw two parallel lines on the top left corner of the cheque leaf and add the words "Account Payee Only" or "A/C Payee Only" between the lines. You must write the intended payee’s name, the payment amount (in words and figures)...
Drawee or payor bank,the bank which has the drawer’s account from which the cheque is to be paid. It is always bank on which cheque is drawn and is ordered to pay the amount of cheque. The banker on whom it is drawn is the ‘DRAWEE’. This drawee is the responsibility of where t...