Comments on: What are Self Cheques?

By: Rakesh

Rakesh — Sun, 14 Feb 2010 05:21:21 +0000

if some person withdraw through cheque writing self and amount being Rs. 6,00,000/-, then what step should be taken by the bank to allow to withdraw Rs. 6,00,000/-.

By: PP Singh

PP Singh — Thu, 11 Feb 2010 14:30:51 +0000

A self cheque is also a bearer cheque which means that any one can encash that cheque even if it is not signed at the back by the person who issued the self cheque in the first place.
In my view, as long it is a bearer cheque, self or otherwise, it should be honored even if it does not have the cheque owners signature at the back. The person encashing the cheque at the bank will of course sign the cheque at the back and may have to give identity proof.
Pl let me know the official position.
Thanks
PP Singh

By: Anil Kumar

Anil Kumar — Tue, 24 Nov 2009 17:01:17 +0000

this has reached to my estimations. it is nice to learn easily.