Tips while preparing a pay order

Payment order (P.O) is an instrument as per their customer request. Payment Order is one of the type of banker cheque . Banker cheques, all those instruments which are issued by bank on special request of their customer are called banker cheques.

1 – P.O number should be in sequence.

2- P.O number should be matched with the system number.

3- Beneficiary details should be matched with the customer request form.

5- In case of manual preparing amount and figure should be same.

6- In case of manual or computerized issuance of P.O date the P.O should be the current day date.

7- P.O should be protected by writing following words on the top of P.O “ NOT OVER RS =     amount .“

with protector graft.

8- P.O should be signed by the authorized signatories of the branch.

9 –“Payees Account only” stamp should be affixed on P.O.

10 – If there is any cutting accrued while preparing, it should be signed by the authorized signatories.

 

Best of Luck!

 

    3 thoughts on “Tips while preparing a pay order

  1. November 19, 2011
    Reply

    You can use the word “alteration” rather than the word cuttings. But cuttings is also fine.

    You should use “done” instead of “accrued”.
    please become member of the website http://www.answersplanet.com
    Go to the educationn area and answer some questions over there.
    It would be very beneficial for your English practice

    • Muqqadas
      December 3, 2011
      Reply

      Hi i need help for paper B of class B.A

  2. Salman
    October 9, 2012
    Reply

    Sir AoA
    please tell me how to make precis in a simple way……..I shall b very thank full 2 u ….please send me ur reply at my Email ID thanks ..

Post a comment

Your email address will not be published. Required fields are marked *