Why is ‘Only’ written after the amount on a cheque? Here’s the reason
You may have noticed that whenever someone writes a cheque, they usually add the word ‘Only’ after mentioning the amount in words. For instance, a cheque for Rs 5,000 may say ‘Five Thousand Only’. But why is this done? Is writing Only on a cheque a compulsory banking rule, or is it simply a long-followed…