A comparative study on security features of Indian, Canadian and Dubai cheques

Cheque is a document that orders the bank to pay a specific amount of money from the holder’s account to the person whose details are drafted on the cheque. Cheque is one of the most prevailing documents of the bank whose chances of being counterfeited is maximum, therefore in order to prevent counterfeiting the cheque are being embedded with security features. Cheque is essentially considered as the bill of exchange that is manufactured in order to make money transactions without having cash in hand.1 Section 13 of Negotiable Instruments Act, 1881 (Act no. 26 of 1881) of Indian constitution states that a negotiable instrument is a promissory note, bill of exchange or a cheque payable either to payee or to a bearer and Section 6 of this Act exclusively defines a cheque as a bill of exchange drawn on a specified banker, and not expressed to be payable otherwise than on demand.2 Cheque is an instrument in writing containing an unconditional order, addressed to a banker, signed by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only two or to the order of a certain person or to the bearer of instrument.3