Pocket Money - SEBI Investor Awareness Website - Securities and ...

Mother: Send him a thank you note, dear. But, what do you wantto do with the money?Chetan: I will buy something that I need, just not what I want! Youknow, Mom, I am already halfway through my PocketMoney program!Chetan: But, this is just a cheque how do I get the money?How can Chetan get the money?_____________________________________________________________Chetan: Do you mean I have to go to Grandpa's place toget the money?Mother: No my dear, you can go to the neighborhood bankwhere I have my account. You do not necessarily have togo to the Drawee Bank or Branch.Chetan: Oh! That sounds all Greek to me! What is this Draweething you are talking about?Mother: Show me the cheque and let me tell you about thedifferent parts of a cheque.Check the chequeTheory-WiseA cheque is an instrumentin writing containingan unconditional order,signed by themaker, directing a aspecified banker to paya certain sum of moneyonly to, or to the orderof a certain person orto the bearer of the instrument.– NegotiableInstrument ActDrawer: __________________________________________________________________________________.33