Banking Exam Question | What is the Meaning of Good for Payment Cheque? Things to Remember While Making Good for Payment Cheque & Provision in Nepal

Introduction - Good for Payment Cheque in Nepal

What is the meaning of paying a check for Good? What are the things to pay attention to Good Payment? What kind of policy has been arranged in this regard? Write.

To make a check for good for Payment, the bank reserves the amount in which the amount mentioned in the check is the payment. If the Accountant requests to check the check for good for Payment, the payment process will be made for good for Payment.

Things to remember while making good for payment cheque

• The obligatory balance of the account should be decided, the Balance non-checking should not be made for Payment.
• Signature must be verified before Payment for Good.
• Good for payment checks should be recorded on the laser computer.
• The signature of Good for Payment in the front part of the check should be signed by two authorized officials.
• Good for Payment must be charged the required fee.
• The check can be canceled if the corresponding account login application is requested to be canceled for good.

Other policy arrangements related to this

• The check and financial institution for check Good for Payment will deposit the amount equal to the amount equal to the account and submit it in the proof check or provide it with the check and keep records of it.
• Good for Payment The date of check is no longer than good for Payment.
• If such check is issued by providing arrangements for internal control and balance related to issuing good for Payment checks, details will be made to the Chief Operating Officer.
• Good for Payment check-off debt will not be provided.
• While issuing a Good for Payment check, at least 2 authorized persons of the office have not received their post code number. The name of the post, the post date should be composed of the essential impression of the organization.

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