Sometimes it may happen that we issue a cheque to someone and later decide to cancel the same. Once the cheque is issued the banks in India allow you to stop the payment before it is cleared. If the cheque is already cleared resulting in a debit transaction then there is no use in stopping it. In fact, you can not stop it In this guide I will tell you different methods that you can follow to stop cheque payment in Karur Vysya Bank.
To stop the payment you should know the cheque number and in case of a series of cheques. You should know the starting and ending numbers of the series. You can refer to your cheque book and get these numbers. Because it gets really hard to proceed further without knowing the cheque numbers. The bank may charge you some nominal fees for using this service. So before using the service make sure you get in touch with the bank regarding the charges.
Methods to Stop Cheque Payment in Karur Vysya Bank
There are both online and offline methods available. I have explained a few of them below. Choose any method and follow the given instructions.
By Visiting Home Branch
- Visit your Karur Vysya Bank home branch.
- Carry your cheque book and bank passbook with you.
- Go to the help desk and speak with the bank officials.
- Tell the officials that you want to stop the payment of a cheque issued by you.
- The officials will ask you the cheque number and the reason why you are stopping it.
- Provide the cheque number and the reason why you are stopping it.
- The officials will check if the payment is already cleared or no.
- If the cheque is not cleared yet then the officials will tell you about the charges. (if any)
- In case you are ok with the charges, the officials will take your request and stop the payment.
Using Mobile Banking App
- Download and Install the official mobile banking app of Karur Vysya Bank.
- Open the app after installation.
- Enter your username and password into the app.
- After you login tap on “Services”.
- Select “Stop Cheque Payment”.
- Enter the cheque number and other details.
- Follow the on-screen instructions given to you in the app.
- The bank will take your request and if the cheque is not cleared yet the payment will be stopped.
- The charges will be deducted from your bank account. (if any)
Conclusion
These are the 2 different methods you can follow the first one is offline and the second one is online. Additionally, you can use this service using the internet banking portal of the bank as well. If you have internet banking activated then go to the official website of the bank and login into your account. For more information, you can call the customer care of the bank on 1860 258 1916. And talk to the bank’s support executive.