New Delhi: After the advent of the digital age, revolutionary changes have taken place in various sectors. The banking sector has also not remained untouched by this.
Today, people are doing online transactions on a large scale. However, even after the increase in online transactions, many people send money to each other through cheques.
Often when we transact with cheques. During that time, signatures are taken on the back of the cheque.
However, you should know that signatures are only taken on the back of bearer cheques. It is not necessary to sign on the back of an order cheque.
At the same time, have you ever thought about the question that what is the reason for signing on the back of a cheque? If you do not know about this subject. In such a situation, today through this news we are going to tell you about this.
There is a danger with a bearer cheque that if someone finds this cheque lying on the way or it is stolen, then the wrong person can go to the bank and withdraw money from it.
Keeping this in mind, the bank gets the bearer cheque signed. This ensures that the money has been given by the bank. If the amount is more than 50 thousand rupees.
In this situation, the bank also asks for address proof from the person who has come to take the money. Only after this, it gives the money to the concerned person. The bank also asks the person to sign on the back of the cheque to be double sure of the signature made on the front of the cheque.