How to Write Cheque for Self?

Hey Buddy,

Being a businessman, I usually use paper cheques for transaction purposes. I believe that many people still use paper cheques for banking transactions even in today's digital age. However, the use of cheques as the principal method for banking has significantly decreased in both popularity and frequency. In my business, I consider the usage of a paper cheque is one of the least expensive and most straightforward methods for transferring or withdrawing money. I fill the cheques myself, hence, I can help you with your query about how to write cheque for self withdrawal.

Due to the widespread usage of online banking and money transfers, using cheques for banking reasons would be a novel and unfamiliar activity for today's younger generations. The elderly population who are unfamiliar with online banking now uses cheques, a safe and simple cashless banking method. The first thing you need to know is that writing a cheque is actually pretty simple—even simpler than using e-banking.

Being an SBI customer, I can explain the process by which I fill the SBI cheque. 

However, if you are familiar with the procedures for filling out a cheque from SBI, one of the country's largest banks, it will be relatively easy for you to fill out cheque from other banks.

What is a self cheque?

A self-cheque is a piece of paper that the account user uses to withdraw money from the bank. You should be aware that the self-cheque can only be withdrawn from the bank of the account holder or the drawer. A self-cheque must be used with caution because, in the event that it is lost, anyone can quickly get it cashed by going to the account holder's bank.

How to write a cheque for self withdrawal:

Writing a self-cheque and taking money out of your account are both extremely straightforward processes. Below, I've listed the essential procedures needed to properly fill out a self-cheque (self-withdrawal cheque). Since it is representative of the majority of the nation's banks, I will use an SBI cheque as an example here. How to write a self-cheque is as follows;

• Current Date:

The day on which the withdrawal will be handled must be mentioned. The date must be written in the format DD/MM/YYYY. for instance, 08/08/2022 (August 8, 2022).

• The Payee's Name:

You must include the name of the person heading to the bank to make the withdrawal in the section. You must put "SELF" in the Payee field if you plan to withdraw the funds.

• Write the Amount in Words and Numbers:

To prevent fraud, you must specify the sum in both word and numeric form. Make sure to begin writing from the left end when writing the amount to prevent changing it.

• Create a Credible Signature: 

I advise selecting a durable, one-of-a-kind signature that will be challenging to forge. For security checks, the bank requires an additional signature from you on the reverse of the cheque.

I Hope you now understand how to write cheque for self withdrawal. Even while writing a cheque is not a difficult activity, it does take attention and focus. There are a few straightforward yet crucial gaps or boxes that must be correctly filled up. However, with the advent of online banking and UPI, cheques are no longer utilised as frequently as a part of banking.

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I was puzzled earlier about how to fill cheque for self because I often withdrew cash by visiting the ATM. My uncle, a bank employee, informed me that writing a self-cheque might be a quick way to get cash without going to an ATM. To avoid any mistakes or possible scams, it's essential to write a self-cheque in the correct way. He then taught me a thorough step-by-step process on how to complete a self-cheque for withdrawal.

How to write a self cheque?

I have checked out the details that need to be filled in by Adavith Kashyap and Anandi. Let's find out the information my uncle provided and do the following actions to fill out the cheque accurately:

• Dates should be written in the following format: "

  DD/MM/YYYY

  " at the top right corner of the cheque. If required, you can also make a post-dated cheque.

• After that, you need to write down the '

  Payee's

  ' name. A payee can be either an individual or an entity. You must make sure the name is spelled correctly.

• Now enter the amount figure in words in the designated field. It is also important to remember to include the word "only" after writing the entire amount, starting from the very left side of the space. If the total is 50,005, for instance, write it as "fifty thousand and five only."

• Write the same amount in numbers in the area provided on the right side of the cheque. Put the sum in the following format: "50,005/-"

• Cheque must be signed. The signature you employed for other banking procedures must be utilised here as well. 

You should note that the cheque will get cancelled if the signatures are incorrect or inconsistent, or if they can be proven invalid. I hope you understand how to fill self cheque.

Self-cheques are a simple and practical way to access your finances without having to go to an ATM since they allow you to withdraw money from your own account by simply writing a check to yourself. Only the account holder's or the drawer's bank will accept this cheque for processing. The main threat is self cheque withdrawal by other person. Hence, this cheque must be handled with care since, in the event that it is misplaced, a third party might easily cash it by going to the drawer's bank.

I was going through Advaith’s answer about how to write self cheque. I entirely agree with the steps that he mentioned. I’d like to reiterate the steps that I followed, to withdraw money from self cheque.

How to fill cheque book for self withdrawal?

• Filled in the Date

• Wrote the Amount in Figures

• Wrote the Amount in Words

• Wrote “Self” in the Payee Name Section

• Signed the Cheque

• Crossed the cheque

• Submitted the cheque to the Bank

You can follow the above-mentioned steps to assist you with your query about how to withdraw money from cheque.

• Fill up a cheque as you normally would to withdraw money using a self-cheque, but make the cheque payable to yourself instead of someone else.

• Once the cheque is completed, you can take it to your bank to withdraw the money. It's crucial to remember that not all banks accept self-cheques, so make sure to ask your bank whether they do and whether there are any limitations.

• Many Indian banks give account holders the option to withdraw up to one lakh rupees per day by cheque.

I’d like to conclude my answer here about the self cheque withdrawal. I hope this helps:)