A cheque leaf is an individual page from a cheque book issued by a bank to an account holder. It serves as a secure financial instrument used to make payments, withdraw cash, or transfer funds between accounts. Each leaf contains unique identifiers such as a cheque number, MICR code, and IFSC.
Key components of a cheque leaf include:
- The payee’s name
- The specific amount in words and figures
- The date of issue
- The drawer's signature to authorize the transaction