In most of the cases, frauds happen when people don't follow standard procedure for handling their important papers, instruments, user id/passwords etc., or share any of these with someone else either knowingly or inadvertantly. Here are some DOs and DON'T DOs. Please follow these meticulously and you are unlikely to cause any financial loss to you:
Here we are giving samples of two cheques - one correctly written to avoid any unauthorised changes and the another to show a cheque which has been carelessly filled in. Can you see the difference?
Look at the incorrectly written cheque first :
Now, please look at a safe cheque. No space has been left to make any changes in DATE, Beneficiary's name, amount in words or figures. Moreover, the cheque has been crossed A/c. Payee and the words Or Bearer also have been struck off.
1. Please always keep your chequebook and passbook under lock and key.
2. Please never keep blank cheques signed.
3. Please never put your specimen signature anywhere on your cheque book cover or counterfoils. Sometimes, people do this because they cannot remember what signatures had they used at the time of opening their account but this is dangerous. If you lose your chequebook, you are also providing your signature to a person who may try to misuse it for withdrawing your money.
4. Please fill the cheque correctly - leaving no space for anyone to add some name or figure.
5. Please use permanent blue ink to fill in your cheques.
6. As per latest RBI directives, banks will have to refuse payment of a cheque / DD if it has got some overwriting done.
7. Some people use a reverse carbon below the cheque leaf while writing a cheque so that its impression is created on the backside of the cheque leaf. This is very good practice and we encourage you to follow it.
8. Similarly, some people put a transparent tape on the amount / beneficiary's name so that no one can try to make any changes in the name/amount. This also is very good practice and we encourage you to follow it.
9. While sending the cheque / DD via mail / courier, it should invariably be crossed. The proper method of crossing a cheque is shown here.
10. Please avoid giving a bearer cheque to anyone. If you wish to withdraw money by drawing a cheque, you should fill the cheque and then sign it in bank branch only. If a bearer cheque is lost, it is like losing hard cash (currency note).
1. Never, repeat, never share your password with anyone under any circumstances.
2. A user ID and Password should not be sent to anyone via email.
3, Password should not be easy to guess - like the name of your spouse, child, date of birth, anniversary etc. It should be sufficiently long and should contain some special characters (for example, @, !, #, $, %, &). It makes a password more secure if you use a combination of small and CAPITAL letters.