If a chq having self on the face but acc holder signature not on the back of chq bt chq is a bearer

If a chq having self on the face but acc holder signature not on the back of chq bt chq is a bearer chq......can any one take payment of that .... And what circular says.....if any pls share circular....

 

Signature at back of cheque simply means money has been received by the bearer.

 

There is No mandate that signature must b done on back side of chq.

 

And if this one is bearer then anyone can take payment......i think...

 

No only the payee can withdraw the amount. Your case seems that some customer of yours has drawn self cheque and send someone else to collect money. in this case if u know the customer u can allow withdrawal and take sign of person who has come to collect cash.

 

Any one can take endorsement in back of bearer cheque not necessary

 

@Himansu Singh yes exact same case and o made the payment...bt there is some doubt in my mind....due to non sign of ac holder on back of chq

 

Once a cheque is bearer is always a bearer. No signature of account holder is required at the back of the cheque . But payment should must be made as per NI act. I.e. with good faith,without negligence and in due course. In your case all are in proper place. Don't worry just chillax

 

No need of signature mandate on back side of Cheque for cash payment in case of bearer cheque

 

Yes anyone can withdraw the amount, as it is a bearer cheque

 

jo chq lekar aayega uska sign back me hona chaye.it means money is received

 

As per NI act 1881 can be paid by obtaining signature of the bearer on back side of cheque.

 

Back side signature is mandatory for the person receiving payment . Since its a bearer cheque so no circular is required. Just go through basic principles of banking.

 

Anyone can take payment. There is no provision for mandatory signature on back

 

Self means self. U cant give money to third person if it is written self

 

What in case of transfer paymentboth in case of bearer and order

 

Once self is written in front that means cashier is more safe to give payment to the bearerthat is holder of the chq..self is written means whosever is taking payment is on be half of account holder only.if self is written banker is more safe than blank chq

 

Yes anyone can take cash. Only one signature is needed back side of cheque. Whomever was taken cash

 

Limit kya h bearer cheque third party ko payment dene ka

 

It's a bearer cheque so any bearer of the CHQ can sign at the back and take cash

 

THIRD PARTY PAYMENT NAHI HOGA , SAME BRANCH SE KOI BHI CASH LE SAKTA H , PR OTHER BRANCH SE NAHI

 

Any body can take it once bearer always bearer even if he writes kukka we can pay it only precaution is drawers signature tallied with our records

 

Signature on back of a bearer chq just a acknowledge of payment of money...not a mandate ...but a practice.... if customer deny to sign you can receive it on a paper also

 

A/cholder sig is not reqd on back, on back person presenting chq on counter signs any bearer

 

A/c holder sign not require on back side cheque, but sign of payment receiver is require back side the cheq.

 

A/c holder sign not require on back side cheque, but sign of payment receiver is require back side the cheq.

 

For bearer chq limit is 50000/- across the counter and if more than 50000/- it should be crossed, is it right?

 

If cheque is self account holder signature must be back on the cheque

 

On back of the check person presenting chq on counter signs.bcoz it is self or bearer

 

You need to take the signature while handing over the cash, so not necessary that cheque needs to be signed on the reverse prior to submission for en-cashing at the bank. This is however a good practice and not necessarily legally required, unless cheque is being endorsed.