Can I get a Cheque book for savings account?

Cheque book can be requested for any of your Savings, Current, Cash Credit, and Over Draft accounts. You can opt for cheque books with 25, 50 or 100 cheque leaves. You can either collect it from branch or request your branch to send it by post or courier.

What do you check on a cheque?

It is important to clearly identify the cheque by providing: the account name and number; the cheque number and amount; the date of the cheque; and to whom the cheque is payable.

What are cheque leaves?

A Cheque leaf is a financial instrument that instructs a financial institution such as a bank/non-banking financial institution (NBFI) to pay the amount of money mentioned in the Cheque from the drawer’s account to the drawee so that it can be transferred in the payee’s account. The Payee’s bank is called a Drawee.

What is the difference between cheque account and savings account?

The difference between checking and savings accounts is that checking accounts are generally used for everyday spending while savings accounts are primarily used for saving and growing your money. Checking accounts are better for regular transactions such as purchases, bill payments and ATM withdrawals.

What is cheque Leaf?

A Cheque leaf is a financial instrument that instructs a financial institution such as a bank/non-banking financial institution (NBFI) to pay the amount of money mentioned in the Cheque from the drawer’s account to the drawee so that it can be transferred in the payee’s account.

What is bank cheque Leaf?

Free cheque leaves is a service extended by banks to savings account holders to allow them to use their money for transactions in lieu of the saving account balance that the account holder kept with the bank.

Is a bank Cheque as good as cash?

The law generally treats bank cheques in the same manner as ordinary cheques. Although some people regard bank cheques as equivalent to cash, there are certain circumstances where a bank cheque may not be paid.

Can I deposit my cheque in someone else’s account?

While paper checks are falling out of favor, you can still deposit a personal check into someone else’s personal account. Sure, check fraud is possible. However, checks pose less of a threat to banks than cash deposits because financial institutions can trace the money.

How do you use a check leaf?

Step 1: Visit www.onlinesbi.com and sign in to your account using the required credentials i.e. User ID and Password. Step 2: Now click on the ‘Request & Enquiries’ option, and you will be redirected to a new page where you need to select ‘Cheque book services’ and then ‘Cheque Book Request’ option.

What can I upload in check leaf?

As per prevailing instructions it is mandatory to upload a cheque leaf containing the printed name of the member, or the first page of the bank Passbook or bank statement containing the name, account number and IFSC.