Usually, cheques are used to withdraw money or to pay a specific amount of money from one account to another. Some people face problems when depositing cheques in the bank, they don’t know how to fill out the cheques or how to deposit the cheque to the bank manager and transfer the money. If you are in one of them don’t worry I will guide you and tell you the process of depositing the cheque.
Before filling out the cheques you have to understand the types of cheques. There are many types of cheques but mostly 3 types of cheque used:-
- Bearer Cheque: Bearer cheque is one in which the payment is made to the person bearing or carrying the cheque. Handling these kinds of cheques can be risky because the amount of this cheque is given to the person who takes it to the bank or the person whose name is written on it. So, in case your bearer’s cheque is lost, the person who finds it becomes the bearer of the cheque and can take the amount of money that is mentioned on the cheque.
- Order Cheque: In order cheque, the word “OR BEARER” is canceled or crossed. Order cheque is paid to the person whose name is mentioned on the cheque, and the bank will do its background cheque to authenticate the cheque bearer’s identity before releasing the payment.
- Crossed Cheque or Account Payee Cheque: A cross cheque is any cheque crossed with two parallel lines, either across the whole cheque or through the top left-hand corner. This double-line notation signifies that the cheque may only be deposited directly into a bank account.
Video Tutorial
How to Deposit Cheques in HDFC Bank?
There are 3 ways to deposit a cheque in HDFC Bank :
- By visiting the branch
- By using an ATM
- By using HDFC Bank’s mobile app
Depositing a cheque in an HDFC Bank branch:
Step 1: Download the Deposit slip or you can find it at the counter of your local HDFC Branch.
Step 2: Fill out the deposit slip with the required details such as account number, date, and the amount of the cheque.
Step 3: Visit your nearest HDFC Bank branch.
Step 4: Hand over the filled deposit slip and the cheque to the bank teller.
Step 5: The teller will verify the details and process the deposit.
Step 6: you will receive a receipt for the transaction.
Depositing a cheque by using an HDFC Bank ATM:
Step 1: Fill out your Cheque with the correct details and signature.
Step 2: Visit your nearest HDFC Bank ATM that accepts cheque deposits.
Step 3: Insert your HDFC Bank ATM card into the ATM and enter your PIN.
Step 4: Select the option to deposit a cheque.
Step 5: Enter the required details such as the account number, date, and amount of the cheque.
Step 6: Insert the cheque into the ATM, making sure to follow the instructions on the screen.
Step 7: Take the receipt for the transaction.
Depositing a cheque by using HDFC Bank’s Mobile App:
Step 1: Install HDFC Mobile App on your smartphone.
Step 2: Log in to the app using your HDFC Bank NetBanking credentials.
Step 3: Visit the request option on the account section and select smart slip.
Step 4: There you will find the option for depositing the cheque.
Step 5: Select the option, and fill in the required details.
Step 6: Click on the option to capture an image of the cheque.
Step 7: Follow the instructions on the screen to take a clear image of the front and back of the image.
Step 8: Submit the deposit request.
Step 9: You will receive a confirmation message for the transaction.
It’s vital to keep in mind that HDFC Bank can have requirements and limitations for depositing checks, including the kind of check, the value, and the date. The funds may also be put on hold by the bank until the cheque has cleared. For additional information on the individual policies and conditions, you can speak with HDFC Bank’s customer care department.
FAQ’s
How can I deposit a cheque online in HDFC Bank?
Login to your HDFC NetBanking account using your customer id and password.
On the account section, visit the request option and select smart slip.
There you will find the option for depositing the cheque.
Select the option, and fill in the required details correctly.
Click on the option to capture an image of the cheque.
Submit the deposit request after clicking the picture.
You will receive a confirmation message for the transaction.
Can I deposit a cheque in any branch of HDFC Bank?
Yes, you can deposit cheques and cash in any branch of HDFC Bank.
Can I deposit other bank cheques in HDFC Bank?
Yes, anyone can deposit money by cheque in other own accounts either in the same bank or a different bank.
How long does it take for a cheque to clear in HDFC Bank?
When you deposit a cheque in the HDFC Bank, the money will be credited after the check is cleared and it takes 2-3 working days to clear the cheque.
How can I check my HDFC Bank cheque clearance status?
You can check your HDFC Bank cheque clearance status through SMS. Make sure that you already activated your HDFC SMS Banking.
Send “CST<6 digit cheque number>” for cheque status inquiry to 99223300004.
Conclusion
I hope now you understand the process of How to Deposit Cheque in HDFC Bank, it is a quick and convenient process that can be done in various ways including visiting the branch, by HDFC bank’s mobile app, or by using an ATM. By following the above steps, you can easily deposit your cheques and access your funds in a timely manner.