Banking

What is cheque no in cheque

A cheque number is a unique six-digit identifier assigned to every cheque leaf in a chequebook. In India, it is primarily located at the bottom-left corner of the cheque, printed in magnetic ink as the first set of digits in the MICR line. Its key functions include:
  • Tracking the status of a specific payment or transaction.
  • Maintaining a record of issued cheques to prevent fraud or duplication.
  • Facilitating banking operations like stopping payment or reconciling bank statements.
  • Helping users identify which cheques have been encashed by checking their passbook.

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