Banking

What is cheque book

A cheque book is a booklet provided by banks to account holders containing pre-printed paper instruments known as cheques. It allows users to make secure payments or transfer funds to individuals or entities without using cash. Each leaf in the booklet includes essential details like the account holder's name and account number. Key features include:
  • A secure method for high-value transactions.
  • Physical proof of payment and traceability.
  • Legal validity under the Negotiable Instruments Act.
  • Pre-printed MICR codes to facilitate fast processing through clearing houses.

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