How To Write A Check - PowerPoint PPT Presentation

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How To Write A Check

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Paper checks are an effective and inexpensive method to moving money from bank to bank or money withdraw, but you probably some people don't know how to write a check... – PowerPoint PPT presentation

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Title: How To Write A Check


1
Welcome
2
How to write a check
  • Writing a check is usually seen as the easiest
    thing to do right? Well, yes writing a check is
    easy but still, some people do not know how to
    write a check and they face many types of issues
    and there are a lot of cases filed regarding
    misusing checks which means that there are some
    simple things we fail to notice while writing out
    a check. In this post, we will discuss how to
    write a check accurately and how we can avoid
    mistakes while writing a check.
  • Let us first discuss the various parts of a check

3
  • A check is the pillars of the banking industry
    today and plays a very important role in the
    country. Every check contains a check number,
    IFSC code, and MICR. All the banks have almost
    the same format for the checks.
  • Check Number - It is a unique number that helps
    to recognize a check. It is often required to
    check the status of the check. It is the
    six-digit number that is written at the bottom
    left-hand corner of the check.
  • IFSC code - It is the Indian Financial System
    Code which consists of 11 digit characters and is
    a basic part of the banking system and is printed
    on the check leaf. This code is used to identify
    particular bank branches for transferring funds
    from one bank to another without facing any
    problems or any errors.
  • MICR code Full form of MICR is the Magnetic
    Link Character Recognition Code. It is a 9-digit
    code, where the first three digits mean the city,
    the next three means the bank, and the last few
    digits mean the particular branch code. It is
    used to identify the checks easily
  • Now lets concentrate on how to write a check

4
  • Step 1 The first step is to cross the check
    that is to draw two parallel lines at the
    left-hand corner of the check. This is done to
    make sure that no one other than the person to
    whom the check is drawn can get the money. 
  • Step 2 Write down the date and write the name
    of the receiver in the Pay column and then write
    the amount in words and always add only at the
    end. Also, put a /-in the rupees in the number
    column. Also, remember not to leave any space in
    between the words or numbers, and in case there
    is any kind of space left then always strike out
    space after writing the words.
  • Step 3 Sign the check at the bottom where space
    is provided and ensure not to sign on the MICR
    band.
  • Points to Remember
  • Never overwrite, scribble or cancel any word and
    then rewrite on a check. In case some mistakes
    have been done then destroy the existing check
    and then rewrite a new check carefully.
  • Always keep the records of your checks.
  • Do not fold, tear, or staple the check.
  • Every time do the same signature on every check
    you use.
  • Hope this article helped you all to know about
    how to write a check.

5
  • Thank you
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