The messages in the forum and expert answers are excellent and are very informative for common people.
I have a concern,
I am very cautious while writing cheques,I will compulsorily write Name of the payee,Amount,Date and day ,cut the leftout space with dashed line ,crossing and writing as account payee.
Last week I remembered that in 2007 I have issued 10 or 14 number of cheques (exact number I have forgotten) to a nationalised bank (SBI)as a security for realty loan.At the final stage I cancelled the loan.To the best of my knowledge I have not collected these cheques back from the bank.I remember I submitted the cheques without writing payee name,date and amount, as the bank loan officer said he will fill up them.I didnt took any acknowledgement from the bank for submitting the cheques.
Subsequently in 2009, I closed my savings bank account from which those 10 to 14 cheques are issued.
I have teared all unused cheques and the cheque detail entry sheet.I have forgotten the cheque numbers I submitted to nationalised bank.
Till now no problem has happened.
In future if any of that blank cheques are misused by any persons,please let me know what are the problems for me. Is there any remedy now?
I called SBI ,they said they will check.
Thanks in advance