Which is cheque number

Hence, cheques were and are a crucial payment mode. However, millennials, who often use digital wallets find it difficult to carry out their transactions in cheques. So, if you are someone struggling to find out the cheque number and MICR code in a cheque, this article is just for you.

A Cheque is a legal document offered by a bank to its customers to make cashless payments. A cheque facilitates the transaction between two people and two banks. A single cheque can be used against a Current account and a Savings account. However, you would need a cheque number to carry out the transaction for banks to proceed with the payments. Usually, a cheque number consists of a unique six-digit number. Collateral Free Business Loan Rates starting at A cheque is a document or a negotiable instrument that helps in transferring money from your bank account to the person or company you named.

A cheque number on the cheque is a six-digit number that helps in the easy transfer of money from one account to another. The cheque number is found at the left side bottom of a cheque. There are various types of cheques available in the banking sector like bearer cheque, slate, payee, cancel and many more.

At the bottom of the cheque, one can find the Magnetic Link Character Recognition Code , which indicates the source bank and branch from which the cheque is issued to the account holding person. Returns bhi, Rewards bhi. Terms and conditions apply. For more details please visit: www. Apply for Savings Account. Occupation Salaried Self Employed. Sub Occupation Professional Businessman. Mobile Number. Net Monthly Income. Place of Current Residence or Pincode. Email ID. Select Your Gender Male Female.

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You have exceeded your daily OTP limit. Please retry after 24 hours. Please Re-confirm Your Number. Please Re-confirm Your. What are you looking for? Get Details. Looking for a Loan? Apply Now. Looking for an investment? Understand your Cheque A cheque is a document or a negotiable instrument that orders a bank to transfer the money from one bank account to another bank account in whose name the cheque has been issued. Drawer : A person writing a cheque is known as a drawer.

Payee : A beneficiary to whom drawer writers a cheque. Drawee : A bank making a payment. Important points to remember regarding cheque:- It is only issued against a current or savings bank account. If a cheque does not have a date, then it is considered invalid. Encashment can only be done by the person in whose name cheque has been issued, meaning the payee. According to the rule, a cheque is only valid for three months from the date it has been issued. Online Savings Account Opening.

Apply Online. Savings Account Interest Rates. Compare Rates. Every three digits of this MICR code respectively represent city code, bank code, and branch code. By going through these three points, now you are familiar with the cheque format which is almost the same for every bank in India.

On the left-hand side, the first 6 digits at the bottom is the cheque number followed by 9 digits MICR code, a portion of the account number of the payor, and transaction ID. Save my name, email, and website in this browser for the next time I comment. Facebook Google Plus Twitter Pinterest. How To Make a Cancelled Cheque?