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Introduction

A cheque allows you to withdraw cash, pay for services, or transfer money to another account. You can issue a cheque to yourself or a bearer for cash or to another individual or business for a deposit.

All you need to know

  • A cheque can be used to withdraw cash, settle payments for services, or transfer funds to another account.
  • You can write it to yourself, a bearer, or any individual or company for deposit.
  • When you receive a cheque, you can deposit it into your HDFC Bank account.
  • The funds will be available after the cheque clears, typically within 2-3 business days.
  • When you open an account with HDFC Bank, you usually receive a chequebook. Some accounts offer personalised cheques with your name based on the type of account you choose.
  • To process a cheque, you must sign it, and the signature must match the one on your account. The cheque will be honoured only if sufficient funds are in your account.

Frequently Asked Questions

To cash a cash cheque, endorse it by signing on the back and presenting it at your bank or financial institution. The amount will be provided in cash or deposited into your account.

You can withdraw cash from another person's cheque only if it is endorsed to you. The original payee must sign the cheque on the back, transferring the right to cash it to you. Additionally, you may need to present valid identification and, in some cases, obtain the issuer.

For cash cheque withdrawal in India, date the cheque, write “Self” or your name on the “Pay” line, and specify the amount in both words and figures. Don’t forget to sign it.