Precautions while, writing a cheque:
• Date – correct date should be written.
• Payee’s name must be correctly written. The word Self is written if the cheque is drawn for himself.
• Amount should be written carefully both in words and figures and must be suffixed with the word‘only’.
• Drawers signature should be complete, genuine and in ink. It must tally with the specimen signature in the bank otherwise the cheque is dishonored.
• Alterations can be done in date, amount or the name of the payee and must be confirmed by the drawers signature. The bank does not honor a cheque that has alterations withouta drawer’s sign.
