This states that a cheque can only be paid into the account of the person name on the cheque, the payee. This effectively means that the payee cannot sign the cheque over to another person.

These details include the cheque number, date, amount, and payee name. When the cheque is presented before clearing, the bank cross-checks the submitted details with the physical cheque.

State Consumer Commission holds Indian Bank liable for third-party cheque fraud, orders ₹1.5 lakh compensation with interest.