Question

What procedure will you follow for depositing a cheque in your savings bank account?

Answer 1

Answer:

Explanation:

The following are the procedures that need to be followed while depositing a cheque in one`s savings bank account:

• Check the validity of the cheque along with the name of the check’s issuer and his /her sign in front of the cheque, your name, issue date and the amount of money matches both in figure and words.
• Visit the concern bank and ask for a paying slip.

• Next we need to fill the details relating to one`s bank account and other details as mentioned in the slip. Like cheque number and branch of cheque etc.

• Mention the account number of the account holder on the back of the cheque as well as mobile number of the account holder.
• Drop the cheque in the drop box or cheque deposit machine or present it over the counter to get it stamped.

  Hope this helps.