Cheques are used widely in India and all over the world to make the payments. Let’s talk about India, in our country people use cheque especially the ones who are in the business field to make the payments. Today I will tell you how you can deposit a cheque in Federal Bank.
This guide is for you if you have a bank account in Federal Bank and have received a cheque in your favor. No matter from which bank the cheque has been issued.
I mean to say that you have a bank account in Federal Bank. And the issuer bank of the cheque is Bank of Baroda or any other bank.
The steps which you have to follow to deposit a cheque in Federal Bank are very easy and you will understand them very easily and very fast after reading this guide.
So let us not waste the time and check out how you can deposit a cheque in Federal Bank.
How to Deposit a Cheque in Federal Bank?
Ok, so here are the steps which you need to follow to deposit a cheque in Federal Bank. But I would like to tell you one thing and that is it will take time for the cheque to get cleared.
1) Visiting the Federal Bank Branch
So the first thing which you have to do is visit the Federal Bank branch where you would like to deposit your cheque. The branch where you would like to deposit the cheque probably will be your home branch.
2) Collecting the Pay in Slip
The next step after visiting the Federal Bank branch is to collect or get a Pay in Slip. This form is used when you want to deposit the money in your bank account. We are going to use the same form to deposit the cheque too.
3) Fill the Pay in Slip
Ok, after collecting the Pay in Slip you have to fill it up with all the required details. The details which you have to fill in the pay in slip is your name, your account number. And most importantly the cheque details which you want to deposit in the bank.
4) Attach the Cheque with the Pay in Slip
Now you have to attach your Pay in Slip with the cheque which you have received. I am talking about the Pay in Slip which you have filled with all the required details.
5) Check All Account and Cheque Details
You have filled up the details in the Pay in Slip and attached the Cheque with the slip. Now you have to check that all the details which you have entered in the slip are right. If you find any mistakes make sure you correct them. If you have entered all the details correctly then you are good to go with the next step.
6) Deposit the Cheque Along with Pay in Slip in Cheque Drop Box
And finally, you have to drop the Pay in Slip with the Cheque in the cheque drop box which you can find at your home branch of Federal Bank.
So these are the 6 steps which you need to follow to deposit a cheque in Federal Bank. I hope you are clear with all the details which are mentioned in this guide. If you have any kind of doubts then you can comment down below.