Why is the word 'Only' written after writing the check amount?

Lifestyle Desk: Experts suggest check or online payment instead of cash while making money transactions. In fact, both people have proof that you made a transaction.

Lifestyle Desk: Experts suggest check or online payment instead of cash while making money transactions. In fact, both people have proof that you made a transaction.

check

Apart from this, the income tax department and the government also have all the information about your transactions. But do you know how much damage a single mistake can do when writing a check?

If the check is not written properly, the money deposited in your account may also be forfeited. There are some important points that you need to keep in mind while writing the cheque.

Many people regularly transact through checks. After writing the amount on the check write the word ONLY. But many people may not know why this word is written.

If a check is drawn in someone's name, the word Only should be added immediately after the amount. There is an important reason behind this. Actually the word Only is written mainly to prevent cheating. No one can fool you if the word Only is written.


Suppose you cut a check of Rs. 25 thousand in someone's name. He wrote in the amount of money - twenty five thousand only. That is, after 25,000 taka, no one will be able to insert any word due to the word Only. So you won't be cheated.

Always write your account number and phone number on the back of the check. If there is any problem, the bank representative can talk to you.

What is the specialty of gold, for which it is sold at such a high price?


Many people throw away the bank form while depositing the cheque. Remember, the only proof is the bank where you deposited the check. So keep it under control.

 


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