Banking Exam Question - What is Endorsement of Cheque in Banking System? Explain

Introduction - Endorsement of Cheque

The check is the order issued by the payment card. The check, which is mentioned in the name of the person or party, should be correct and signed by the person or party in that check. In such cases, bank only gives payments to the others. Depending on the amount or right of the third person, without the rate or right, the amount can not be paid because the transfer and authority is not transferred.

Therefore, during the payment of the check, the check-issued person is called the check-up and sign of the check and transferring the check to the third person to send the payment. If it is not backward then it becomes invalid. The bank does not pay.