Before issuing a bank cheque, after writing the amount in numbers and words, ‘Rupees only’ is written on it. Do you know why this is done?
How to Write on Cheque: There are many rules related to making payments through bank cheques, but most people are unaware of them. This is the reason why the bank sometimes refuses to make payment. Everyone knows about the caution to be taken regarding the signature on the cheque, but do you know about a fact regarding the amount in words on the cheque? The amount on the cheque is written in words as well as in numbers. After writing the amount in numbers and words on the cheque, ‘Rupees Only’ is written. But, some people just write rupees and forget or leave writing ‘Only’. Do you know why ‘Rupees only’ is written on the cheque.
Why write ‘Only’ before ‘Rupees’ on the cheque
While signing the cheque, one should always write ‘Only’ after ‘Rupees’. Because, this is an important measure to prevent tampering of the cheque. If you write only “Rupees” without the full amount, someone can easily add additional digits or words to increase the amount to be paid.
- Writing the amount on the cheque in digits and words “only” makes it difficult for someone to alter the cheque and claim a larger amount.
- Writing the currency with “Rupees Only” ensures that there is no confusion about the amount intended.
- This is a standard procedure followed in banking systems for security reasons to prevent fraud in the case of cheques.
However, now in the age of internet banking, transactions through cheques have reduced. But, if you issue a cheque in any situation, then it is important to know the rules associated with it.
Related Articles:
Bank FD Rates: These banks are offering 9.5% interest on fixed deposits, check FD details
PAN 2.0 Apply: How can you get a new PAN from the income tax website, check the step by step process
