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BANKING Sujit Kumar Sharma  Jun 8 2021 10:38AM

What do you mean by ‘cheque endorsing’?

Madhu Kapoor  Jun 11 2021 11:14AM

What do you mean by ‘cheque endorsing’?

‘Endorsing cheque’ ensures that the cheque get deposited into your account only. It minimizes the risk of theft. Normally, in endorsing cheque, the cashier will ask you to sign at the back of the cheque. The signature should match the payee. The image over here shows the endorsed cheque.

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