Banking

What is cheque number in cheque

A cheque number is a unique six-digit identifier assigned to every cheque leaf in a cheque book. In India, it is primarily found at the bottom-left corner of the cheque, printed in specialized magnetic ink. Its main functions include:
  • Tracking the status of a specific payment or transaction.
  • Maintaining a record of issued cheques in the cheque book stub.
  • Facilitating the cancellation or stopping of a specific cheque through the bank.
  • Assisting banks in the automated clearing and verification process to prevent fraud.

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