Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Can i pay to someone by giving self cheque

Asked by pawan agrawal, 08 Dec '09 04:11 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (8)

1.

When you write a self cheque, it is no proof that you have paid the other person. So, always write the name of the person to whom you are paying money so that it can act as proof, at a later date. Self cheque is written only when you withdraw money by yourself.
Answered by M Shankar, 08 Dec '09 04:15 pm

 
  
Report abuse
Useful
 (2)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Giving self cheque to some one is a easy way for giving money in black as there will be no record of this transaction in either his account or yours other than the book records showing it as a payment to self in either records.
Answered by Utkarsh Singhal, 14 Dec '12 10:30 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

I also Agree with Shankar. By putting the drwee's name u will have a record in yr bank a/c. It will accountable also.
Answered by sankaran iyer, 08 Dec '09 04:55 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
4.

You can do that. no problems at all. re the advise of others re pros or cons it is for you to think about them not any one else. the simple answer should be that you can do what you are asking. it is in order as per the banking regulations
Answered by iqbal seth, 08 Dec '09 04:19 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
5.

Yes,self cheque is as good as cash.If u want to retain any proof of ur payment,please issue a crossed cheque.
Answered by Damodar Biswal, 08 Dec '09 04:17 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
6.

U can very well pay self or bearer cheque but it will not have any record neither in ur account nor in his account.
Answered by krishna bhojwani, 08 Dec '09 04:16 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
7.

I agree wid MR shankar
Answered by gaurav shokeen, 08 Dec '09 04:16 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
8.

Yes you can but its a risky thing to do. Don't make it as a proctice.
Answered by Mohammed asim nehal, 08 Dec '09 04:12 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining