Bank Rule: Never Forget to Write "ONLY" on Your Cheque

SIBY JEYYA
banking Procedures: When writing a check, every little detail counts. Writing the word "only" after the amount is an additional important step, in addition to the fact that the amount must be expressed in both words and figures.
 
Are you aware of the significance of this word?
 
If you write a check without adding "only" after the amount, you run the danger of falling victim to severe financial fraud. The term "only" makes it impossible for someone to alter the amount on the check.
 
If you put "One lakh rupees" on the check, for instance, a dishonest individual may add "99 thousand" after the amount, making it more than you intended. Fraud and the removal of more funds from your account might arise from this.
 
You may make sure that no one can change or add to the amount on the check by putting "only" after it.
 
This is a common banking practice used to stop fraud. Checks are still utilized in numerous circumstances, even though internet transactions are becoming more and more popular. In order to safeguard your funds, it is imperative that you comprehend and abide by this straightforward yet significant guideline.
 

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