Self Cheque - who has enchased?

Joy, the banker will verify  signature from the both the signatories on the face of the cheque as well as on the reverse side of cheque.  The banker is authorised to pay cash to any person who present the cheque by taking his signature in their presence.

Hope this clears your doubts, Regards*Suresh

Dear Suresh,

Thanks for the reply. Although it is not disputed that the banker may pay the cash to any person who presents the duly signed cheque, however, the question is - can it be determined who among the two signatories, has taken the cash?

Tnx.

yes, eventhough if the cheque is signed by both signatories, before paying the cash the banker will be taking the signature of the person who actually withdraws the cash, either it may be signatory or a third person.  Tnx  Suresh

I agree with Suresh, but it’s difficult to recognize the person who withdrawn the cash beacuse any one signed the fake signature on cheque when receiving the cash from bank. As you said, the cheque amount was high then its possibility that  Bank has the PAN card copy of that person because if someone (exclude bank account holder) withdraw the cash more than 50k from the bank then he/she has to submit his/her PAN card copy with bank.

Ragards,

Rajeev

Originally posted by : Rajeev Kumar
	Hi Joy,   I agree with Suresh, but it’s difficult to recognize the person who withdrawn the cash beacuse any one signed the fake signature on cheque when receiving the cash from bank. As you said, the cheque amount was high then its possibility that  Bank has the PAN card copy of that person because if someone (exclude bank account holder) withdraw the cash more than 50k from the bank then he/she has to submit his/her PAN card copy with bank.   Ragards, Rajeev

I agree.

thanks all.