Indian 2620 days ago

Cheques are very prone to fraud and ill will. 1. Something I have experienced myself, few years back, I had a confrontation with the agent whom I gave 18 post dated cheques for a vehicle purchase. What he did, he mutilated last 2 cheques and they got bounced in 17th and 18th month making me pay for his ill will and incriminating me under these laws.

2. Someone I know has fallen ill and his hand movement has got affected, now he can not reproduce his signatures for bank account to withdraw his pension from allahabad bank. Bank people insist that in such case he should come to bank and sign before them but it is difficult for him to even sit and stand up properly. Also, they are saying that ATM cards would not be given because he can not operate ATM in this situation, same excuse for net banking.

3. RWA wants to be paid maintenance by cheque only. Now, My bank details are available to these people in maintenance office who keep on changing every few months.

4. Why do u expect a human to reproduce the signature everytime without any deviation and also how can a bank cashier recognise the signatue just by comparing it with the image you signed while account opening. Why should my innocence be dependent on the judgement of bank cashier's visual perception. Many frauds happen because of cheque forgery.

I think payment by cheque should be abolished when you have credit/debit cards,net banking, ECS facility etc.