Dear Sir/Madam, I request you to kindly arrange to stop the payment of the cheque bearing no. ________ dated ________ issued in favour of (Name of the Party) for a sum of (Amount). The cheque was issued under my savings account bearing number ________________ maintained at your branch.
How do you write a stop payment letter?
Dear Sir/Ma’am, This letter has been written to place a request to stop payment of the Cheque bearing number-………., dated-……….. The Cheque is issued in favour of (name of cheque holder)………., for the sum of (amount)……… As the Cheque is( Reason for stopping payment), kindly stop the payment with immediate effect.
Can a customer stop payment of a cheque and a draft?
Banks instruct following modes of requesting for stop payment of cheque and contact such an issue: The account holder can place an online request to the bank. The account holder can make a call to the customer service helpline number. The account holder can visit personally to the branch office and give a written …
How do you stop a cheque?
You can do this anytime in advance of the payment date. To stop a cheque you will need the amount and the cheque Serial Number (this number can be found at the bottom of the cheque), along with the payee name and the reason for the request.
How can I stop payment of cheque in bank of India?
Visit the official website of Bank Of India. Log in to your internet banking account using customer id and password. Select the desired option of “stop payment of cheque” from the menu. Submit the request.
What is a stop payment request?
A stop payment is a formal request made to a financial institution to cancel a check or payment that has not yet been processed. A stop payment order is issued by the account holder and can only be enacted if the check or payment has not already been processed by the recipient.
When can I stop payment on a check?
Stopping payment on a check is usually possible anytime before the check has been cashed. Once the check has been cashed by the recipient, you won’t be able to make a stop payment with the bank.
Is it legal to stop cheque payment?
New Delhi, Aug. 31: Even a “stop cheque payment” instruction to his bank can land a person in jail. The Supreme Court, in a recent judgment, has ruled that such instructions amount to an offence under the Negotiable Instruments Act, 1885, enough to send the offender behind bars.
What is another word for stop payment?
In this page you can discover 5 synonyms, antonyms, idiomatic expressions, and related words for stop payment, like: refusal to pay, welsh, withhold payment, freeze and block.
