![]() ![]() ![]() In general, common security features that imply in a cheque are as follow:Ĭheque Design: Every bank has its own design, logos and background printing. Present (Guidelines are given on the back side of the cheque)įigure 1 Showing Indian cheque under normal light. Present (Security feature Guidelines are given on the back side of the cheque) Present (“ORIGINAL DOCUMENT” text, and patterns that cannot be photocopied)Ĭarbon free and UV free with reaction towards chemical. Present (Chemical indicators appears as stained if exposed to common ink solvents and will be visible under Ultra Violet light) Present (Thermo chromic ink used to write the word “Cheque”) Present ( Bleeding effect when water is dissolved with ink) Present (Date column, Owners Identity, Memo column, and amount column) Present (Registered watermark “S” negative and “S” positive) 2 Cheque is an instrument in writing containing an unconditional order, addressed to a banker, signed by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only two or to the order of a certain person or to the bearer of instrument. 26 of 1881) of Indian constitution states that a negotiable instrument is a promissory note, bill of exchange or a cheque payable either to payee or to a bearer and Section 6 of this Act exclusively defines a cheque as a bill of exchange drawn on a specified banker, and not expressed to be payable otherwise than on demand. ![]() 1 Section 13 of Negotiable Instruments Act, 1881 (Act no. Cheque is essentially considered as the bill of exchange that is manufactured in order to make money transactions without having cash in hand. Cheque is one of the most prevailing documents of the bank whose chances of being counterfeited is maximum, therefore in order to prevent counterfeiting the cheque are being embedded with security features. Keywords: cheque, security features, examination, embedded, comparison, counterfeiting IntroductionĬheque is a document that orders the bank to pay a specific amount of money from the holder’s account to the person whose details are drafted on the cheque. Ensuingly studying the security features of three different countries, it can be concluded that in Indian cheque ample numbers of security features are found and minimal security features are found in Canadian cheque, although Dubai cheque has acceptable and exclusive security features. In the present study the security features of modern Indian cheque (Punjab National Bank), Canadian cheque (Canada Trust) and Dubai cheque (Emirates NBD) are examined and compared. The security features present in the cheque consist of the watermarks, logo, Serial number, account number, bank name which are visible under different light sources and instruments. Security features are the vital line of defence against the cheque frauds. In order to prevent fraud and counterfeiting in cheque, different security features are appended in the cheque, but still there is a chance to improvise. Therefore, there is urgency to maintain the security of the cheque. “Cheque” is one of the most important and common document used for all financial transactions by banks all over the world. ![]()
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