Monthly Archives: March 2022

Aspirants can check the linked article for the latest government exams in India. At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further. Verify all your entries and sign at the bottom of the cheque to authorise the cheque. Fill out the space provided for entering the date and payee’s name. Applying for a new chequebook has now become convenient as you can get it through various online and offline channels.

Truncation is a medium of stopping a paper cheque from going all the way to the bank that would disburse the money. Through this, a digital picture of it is sent to the bank, in place of the paper cheque. This digital process happens types of cheque in india through a system that banks use to exchange cheques. By doing this, there’s no need to move the paper cheque around. Also, it speeds up the time it takes for the cheque to get processed.

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1. In some countries, Banks may allow the depositing of cheques in other banks with the same clearing network.
2. A cheque can be issued for a current account or a savings account and can be used to deposit or pay money to other people through the bank account.
3. • If the date is missing on the cheque leaf, including mandatory details such as the beneficiaries name, issuer’s sign and more, a cheque may be rejected.
4. A self-cheque is written by the account holder to withdraw money personally from their own account at their bank branch.
5. They are issued by banks and financial institutions and can be replaced if lost or stolen.

Yes, a cheque can be used instead of cash payment if the merchant or the shop accepts cheque payments. Endorser – If the payment rights are transferred to a third party, the payee, in this case, becomes the endorser. Every cheque carries a unique 6-digit number inscribed on the bottom of the cheque leaf. This number is known as the cheque number, and it is used to identify the status of the cheque. The cheque number is followed by a MICR number and a portion of the account number with which the account number is linked. • Bank branch – Alternatively, you can visit the bank branch during active hours and apply for a new chequebook.

Travelers’ Cheques are considered or are equivalent to a universally accepted currency. This cheque is available almost everywhere and comes in various denominations. This cheque acts as an instrument issued by the bank itself to make payments from one place to another. A cheque is a bill of exchange where the drawer instructs his/ her bank to pay a specified sum to the payee or anyone holding the cheque. The customers use cheques for different needs or purposes.

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The person having this cheque can further transfer it to another person and can easily make him the drawee. This cheque can only be opened by not cutting the word open. Also, the person who is issuing the cheque must ensure his/her signatures on both the front and the back of the cheque. The bank also makes the payee sign at the back of the cheque while receiving the amount. A cheque can be issued for a current account or a savings account and can be used to deposit or pay money to other people through the bank account.

Endorsee – The endorsee is the party to whom the payment rights are passed from the payee (the endorser). Cheque payment includes multiple parties, and the payment processing takes place in chronological order. One must follow all the steps precisely when filling it out.

Stale cheque

When travelling, a traveller’s cheque is used to prevent carrying large quantities of cash and to ensure more safety and security. It can be used to purchase foreign currency when travelling overseas. This page covers information on different types of cheques, the key elements of cheques and the importance of cheque numbers. If a person is travelling abroad, he can carry the traveller’s cheque and get encashment for the same in abroad countries.

Bearer cheques are considered to be less secure than other types of cheques because they can be easily lost or stolen and cashed by anyone who has possession of them. Bearer cheques are now phased out in many countries and are not in common use. They are only used in some cases for the movement of funds between the banks. A crossed cheque is a type of cheque that has been marked with two parallel lines, usually across the top left corner of the cheque.

To ensure that it is an account payee cheque, two lines are made on the left top corner of the cheque, labelling it for “A/C PAYEE”. Banker’s chequeA banker’s cheque is issued by the bank itself, guaranteeing the payment. It is typically used for high-value transactions and payments where certainty is required.

A post-dated cheque bears a date later than the date it was issued on. It can only be cashed after the date specified by the payer. The post-dated cheque can be valid after the mentioned date but not before it. Hence, even if it is presented to the bank, the bank will not process it until the mentioned date. Lately, for a direct account to account transaction, we have credit cards and debit cards. Each type of payment has a specific negotiable instrument attached to it.

When a cheque only has a drawer’s signature and all the other fields are left empty, then such a type of a cheque is called a blank cheque. Traveller’s chequeA traveller’s cheque is a pre-printed, fixed-amount cheque designed for travellers to exchange for local currency without the risk of carrying cash. Traveller’s cheques do not expire and can be used for future trips. Order chequeAn order cheque is payable only to the person whose name is mentioned on the cheque or to anyone endorsed by that person. This type of cheque provides an added layer of security since it cannot be cashed by just anyone. The payee is the person who receives the payment from the cheque-holder through the drawee bank.

A post-dated cheque is a cheque that is written for a future date. The cheque can be deposited or cashed only on or after the date written on the cheque. This type of cheque is commonly used when the payer wants to ensure that the funds will be available on a specific date, such as a rent payment or a loan repayment. It is also used when the payer wants to make a payment on a future date but wants to issue the cheque now. The payee should not deposit the cheque before the date written on the cheque.

It can only be credited to the payee’s account and cannot be encashed at the cash counter of a bank. Traveller’s cheques are a form of pre-printed, negotiable cheques that can be used for travel expenses. They are issued by banks and financial institutions and can be replaced if lost or stolen. Traveller’s cheques are a popular form of payment for travellers because they offer a level of security and convenience.

A crossed cheque is a type of cheque where the issuer makes two slanted parallel lines on the top left corner of the cheque, with the word ‘a/c payee’ written. A crossed cheque is also safer because it can be cashed only at the payee’s bank. An account payee cheque is another name for a crossed cheque.

Many professionals can help you fear of being sober through the process of becoming sober. These professionals can help you understand your fears and provide the tools you need to overcome them. So understanding and addressing these fears is paramount.

Sobriety Fear #1: Never Drinking Again.

Many times, social events and outings center around drinking alcohol. The fog lifts, the poor behavior stops, and people generally become happier and easier to be around. The mind clears, there is more peace, more clarity and a better ability to function. All of which are just some of the many reasons why being sober far outweighs being addicted to drugs or alcohol. Nifaliophobia, or the fear of being sober, manifests as a significant and persistent fear related to the absence of alcohol or drugs from your life.

• Then you’re right back in the addiction cycle.” Ugh, she was right.
• I continue to suffer from anxiety and have to manage it, but it doesn’t ruin my life like before.
• To begin, it can take several hours to sober up from alcohol.

Fears About Sobriety That Will Sabotage Your Recovery

Acknowledging and celebrating the hard work of recovery is helpful for keeping you motivated and reminding you why you took this brave step toward sobriety in the first place. Just be sure that your rewards don’t involve drugs or alcohol. Instead, focus on things, experiences, and activities that will support your new, healthy lifestyle. It is common for people to have a fear of sobriety, especially if they have been struggling with addiction for a long time.

FEAR OF BEING SOBER

You have to make a decision to move forward by overcoming fear of those losses. You may be able to fix some of what’s lost and damaged. It’s a disease that needs ongoing treatment to keep it at bay. At the same time, come to grips with the fact that this is the reality you are living with and there’s no way to turn back the clock.

You’re Going To Get There… Eventually

Depending on how deeply ingrained alcohol is in your life, you may be staring down an entire life makeover. Every day, week, and month that you let slip by without tackling your drinking problem is time you can’t get back and more damage you must undo. Realizing that sobriety means you’ll have to find new ways to handle your “stuff” is frightening. The idea that you don’t get to chemically check out of reality now and then is horrifying, especially when you think that reality is pretty terrible.

John C. Umhau, MD, MPH, CPE is board-certified in addiction medicine and preventative medicine. He is the medical director at Alcohol Recovery Medicine. For over 20 years Dr. Umhau was a senior clinical investigator at the National Institute on Alcohol Abuse and Alcoholism of the National Institutes of Health (NIH). ? Awaken your potential by exploring the world around you and developing interests outside of substances by Saying Yes to Life. Whether it’s taking up a sport, diving into arts and crafts, or learning to play a musical instrument, new hobbies can provide a sense of achievement and distraction from cravings.

Being at a party or trying to find the perfect romantic partner without alcohol is the stuff of nightmares for many people. Even people for whom alcohol is not a problem experience this. If you’ve typically required a little social lubricant to lighten up at parties (as many of us have), navigating social scenes without liquid courage can be scary. This is particularly true for the introverted among us.

“I really don’t think I can do this,” I told her. She was quiet for a bit and then she said, “I know you want a Xanax. But if you take one now, then tomorrow when you feel anxious you’ll take another one because you’ll think you can’t feel better without it.

• Because I was a mental and emotional wreck with no sense of self-worth, it was easy to take advantage of me.
• Start writing down ideas of what you can do instead, broaden your horizons and think about what you want to do instead of drinking.
• The thought of pulling your life back together or improving it can seem impossible.
• I told her how awful I felt and all about how I had been “diagnosed” with anxiety, so I really, truly needed a prescription for something to feel better.
• A person who is getting sober may be getting sober from one substance or all substances.

Bonus tips for dealing with anxiety in recovery

You always rush to get that next drink or hit before withdrawal really sets in. When you stop using drugs or alcohol, you will experience a range of withdrawal symptoms. This can include physical withdrawal symptoms (e.g. aches and pains) and psychological withdrawals (e.g. strong cravings). Many addicts worry that withdrawals will be too painful to cope with.