If you have issued a cheque from your Karnataka Bank cheque book. And now you want to stop the payment of the same. Then there is an option in the bank to do it. But you should make sure that you have a proper reason why you are stoping the payment.
If you stop the payment unnecessarily then you might end up in trouble. There are 4 methods by following which the payment can be stopped. I have explained all the methods below in this guide. You can choose any one of these methods to get your work done.
The bank can help you in stopping the payment only before the cheque is encashed or cleared by the beneficiary. Once the cheque is cleared nothing can be done as the amount has already been deducted from your bank account. Hence you should act quickly in this matter with a proper reason.
Tell the executive that you want to stop the payment of a cheque issued by you.
Answer the questions asked to you by the executive of the bank for verification purposes.
Provide the cheque number to the executive.
The executive will stop the payment if it is not yet cleared by the beneficiary.
These are the 5 methods by following which you can stop the payment of Cheque. You should also keep in mind that the bank will charge you to stop the payment. For more detailed information about this matter. I recommend you to call the customer care of the bank.