Where Is Bank Account Number On Check
Remembering the word “cheque” many questions arise in front of everyone’s eyes like what is a check, what is the use of a check? Many people don’t know what are the contents of this check and what is its meaning and its importance. Where is the bank account number on the check along with the important items and important records on the check, we will take brief information today in this article.
Where Is Bank Account Number On Check
Structure of cheque
1 . Heading –
Usually, the heading of the check has the name of the bank to which the check belongs, the bank’s address, and the bank’s logo on the top of the cheque. Then there are six squares in the left corner to write the date. Date Month Year is to be entered in each of these boxes.
2. Validity –
Above this square, there is written a message in English or Hindi that this check is valid for three months only. Below it in the right corner is the word pay. Payee (pay) means the name of the person whose name the check is to be drawn from. The word ‘or Order’ is written before it. And below this line, the amount to be paid to the payee should be written in letters.
See Also – How Does A Bank Verify A Check and 4 Elevating Factors for Verification
3. Amount –
After this, there is a box next to the same line with Rs. , and the numerical amount is to be entered in this box. It is mandatory to enter the numerical and alphanumeric amounts on the cheque. The bank performs cross-verification in both these amounts. So this part is also very important.
4. Account Number –
Below this, there is a box with an account number. In this box, the bank account number of the account holder is printed by the bank. Next to it, ‘valid for xxx (certain amount) and under’ are mentioned. This line may or may not be present on some checks as per the bank’s regulations.
5. Signature –
Below the bank account number is a barcode-type sticker. This sticker is useful when the check goes through the clearing process at the bank. The name of the account holder and his signature are on the lower side of the right corner of the cheque.
See Also – How To Transfer Money From My Mind To My Bank Account and 4 Superior Methods
6. Cheque number and MICR code –
At the bottom of the check, there is a line with lots of numbers written on it. The first six digits are the check number and the next nine digits are known as the MICR code. If you look at the MICR code, the first three digits are the bank code, the last three digits are the branch code, and the last three digits are the city code. The next six digits after the MICR code are known as the RBI account number and the last two digits are known as the transaction code.
Where Is Bank Account Number On Check
Essential features of check
- Checks must be in writing. A verbal order to pay is not called a cheque, it must always be in writing.
- Checks are always drawn on the bank itself. It can always be drawn on a bank with a drawer’s current or savings account.
- A check should be unconditional and a check is an order for payment, not a request so it should be unconditional.
- A check is an order to pay a specified amount to someone. A check cannot be called a check if it is other than payment or drawn for some other purpose.
- The check must bear the signature of the person from whom the check is drawn. It should also have a date on it.
- It is an order to pay a certain amount on someone’s demand.
- Any check is valid for three months so the date on the check is very important.
- If the check is after three months from the date on the cheque, it is called a post-dated cheque.
- Or if the check is dated three months earlier than the date on the cheque, it is called a stale cheque.
- When a check is drawn by the drawer, he does not need the permission of the drawee, it is directly deposited in the account of the drawee. Drawee’s acceptance is required in the bill of exchange or other instruments. At the same time, there is no need for any stamp or acceptance on a cheque, as there is no stamp or other thing required on it.
