How to Stop Cheque Payment in Saraswat Bank?

Cheques are a great mode of payments and in India, there are so many people who use cheques regularly for making their payments. Mostly the people who are into business in India are using the Cheques to make the payments. In this guide, I will be telling the steps to stop cheque payment in Saraswat Bank.

There will be an option in every bank suing which you can stop the payments of the cheque you have issued. But before you can stop the payment. Then make sure that you have a proper reason to stop the payment. If you don’t have a proper and legal reason. Then you might end up getting into trouble.

About Saraswat Bank

Saraswat Bank Logo

Type of Bank Co-operative Bank
Founded 14 September 1918
Headquarters of the Bank Mumbai, Maharashtra
Chairman Gautam Thakur
Revenue (2017-18) Rs. 33,760.2 Million
Net Income (2017-18) Rs. 2,406.8 Million
Number of Employees (March 2018) 4,061
Customer Care Phone Number 1800 22 9999
Official Website of the Bank www.saraswatbank.com

Methods to Stop Cheque Payment in Saraswat Bank

Steps to Stop Cheque Payment in Saraswat Bank

I will explain to you 3 methods using which you can stop the payment of cheque which you have issued using your Saraswat bank cheque book. Recently I have published a guide which explains to you how you can request a new cheque book. You can read that if you wish to know the steps.

Using the GoMo Mobile Banking Application

Steps to Stop Cheque Payment in Saraswat Bank using Mobile Banking:
  1. Download and install the official mobile banking application i.e. GoMo Mobile Banking.
  2. If you are an Android user then you can install it from Google PlayStore.
  3. And in case you are an iOS user then you can install it from iTunes Store.
  4. Once installed open the application.
  5. Enter your login credentials (Username and Password)
  6. Tap on Services.
  7. Select Stop Payment of Cheque option.
  8. Enter the details of the cheque you want to stop.
  9. And follow the on-screen instructions given to you on the screen.

By Sending SMS

Steps to Stop Cheque Payment in Saraswat Bank by Sending SMS:
  1. Type an SMS as STOPCHQ <space> 15 Digits Account Number <space> Cheque Number.
  2. And send it to 9223810000 from your registered mobile number.

By Visting Home Branch

Steps to Stop Cheque Payment in Saraswat Bank by Visiting Home Branch:
  1. Visit the home branch of Saraswat Bank where you maintain your bank account.
  2. Talk with the bank officials and tell them that you want to stop the payment of cheque.
  3. You have to prove your identity by showing any identity proof document. (PAN Card or Aadhaar Card)
  4. Provide the cheque number which you want to stop the payment of.
  5. And the officials will stop the payment of the cheque.

If you are sending SMS to stop the payment of your Cheque then make sure you send it from your registered mobile number only. And you can stop the payment of the cheque only before it has been encashed. Once it is encashed there is no meaning in stopping the payment and you will not be able to do it.

Conclusion

This is how you can stop the cheque payment in Saraswat Bank. When you instruct the bank to stop the payment, the cheque which you have issued will be dishonored by the bank. And the receiver of the bank will be unable to encash it. So before making the decision to stop the cheque make sure you have a valid and legal reason to do it.