A pay-in-slip for depositing a cheque
While depositing pay-in-slip ensure that the same is well pinned up with the cheque. Avoid stapling the pay-in-slip since during the course of clearing the pin needs to be removed and in case of stapler it is pulled off creating a great chance for the cheque to be torn off while doing so. In case if required for records, banks also give acknowledgement of the payin-slip when deposited with the cheque by stamping the customers acknowledgement copy and signing it with date of receipt. While depositing pay-in-slip always ensure that you deposit it in the right box. Banks at times have different boxes for different types of cheques. Always mention your contact number on the pay-in-slip so that in case of any discrepancy you can be easily contacted. Also remember to put the proper date on the pay-in-slip Though it is always advisable for information to be correct on the pay-in-slip and must tally with the cheque, in case you have filled something wrong on the pay-in-slip the transaction shall not be held back but executed by taking your confirmation.
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Some of the important fields that one has to fill in the pay-in slip are: Name of A/c holder Account no. Date Amount in words 5