Self Cheque is typically used to withdraw money or cash from your own business or saving account or from the company’s current account. A cheque is a negotiable instrument and it is a written order from one person to another, directing the first person to pay a sum of money to the second person.
A self cheque is a cheque that is issued by the drawer to his/her self for the purpose of cash withdrawal from his/her bank account. The self cheque can be issued by a Company, Entity, or an individual to withdraw cash from their Bank Account.
This kind of cheque is needed to withdraw cash from the Current or say Business Account. But in the case of a saving account, the cash withdrawal can be done by using a withdrawal slip as well.
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Follow the step-by-step guide provided below to fill or write your self cheque easily and quickly.
First, open your Cheque Book and select any Blank available Leaf from the book.
Now at the top most right corner under the Date Section fill either pre-date or the same date in the format of DD/MM/YYYY. This means if you want to write 5th January 2023 on your cheque, then make sure to write it as 05/01/2023.
Now move to the PAY section and under this write the word ‘SELF‘.
In the second row just after RUPEE, enter the amount in words as per your need.
After writing the amount in words. Now write the amount in digits as well in the separately provided box. If you want to withdraw ₹ 10,000 then fill the box like this 10,000/-
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Now Signed the cheque as per your bank record near the Signature Column mentioned on the cheque leaf. Don’t forget to provide an extra signature on the backside of your cheque.
Now, it’s up to you if you want to maintain your cheque record, then fill in the required details on the first page of your Cheque Book.
Through this article, you have come to know what is Self Cheque and how it is filled? Along with this, you also learned some other important things related to the term Self Cheque. Apart from this, if you have any doubts, suggestions, or queries related to this article, then do let us know by commenting down below.
Ans: Just write SELF in place of a PAY or say third party name on your cheque.
Ans: A Cross cheque type is the safest cheque for the payment because it tells the banker to not pay the amount from the counter. Thus this type of cheque should be deposited in the bank account of the person whose name is written on the cheque.
Akash completed his B.Tech in Electronics and Communication Engineering. Now he is following his passion for “Writing” on FinTech through this Blog. In a meantime, he loves to listen to music on Spotify.