The important features of a cheque are:
(i) Instrument in writing: According to law, a cheque must be in writing. It does not specify any particular material with which it ie to be written. But printed cheque. leaves are supplied by the bankers and customers. are asked to use the pen for filling them.
(ii) Unconditional order: It is an order topay the amount without any condition. The banker may refuse to honour a cheque having any condition attache<ito a cheque.
(iii) A certain sum of money only: The amount of money to be paid must be certain and specified both in words and figures in the cheque. Thebanker would return the cheque if there is difference in words and figures.
(iv) Signed by the Drawer: A cheque is valid only if it bears the signature of the drawer. The signature of the drawer must tally with his specimen signature already with the bank. In case of illiterate person, his left hand thumb impression is to be affixed on the cheque.
(v) Payable on Demand: The cheque is always payable on demand though not mentioned therein. A cheque has to be presented for payment within 6 months from date of issue.
(vi) Date of the cheque: A cheque should be dated. Payment will be made by the banker on or after such date. A cheque may be: (a) post-dated and (b) ante-dated. If a cheque has been in circulation for more than 6 months from the date of issue, it becomes a stale cheque. The banker will dishonour the cheque. If the drawer puts the prior date, the date of presenting to the bank, it is called ante-dated cheque.
(vii) Specified Banker: A cheque is a bill of exchange drawn on a specified banker only and not on any other individual, body corporate or otherwise. The cheque should contain the name of the banker, address of the branch, etc., to enable the holder to present the cheque for payment.
(viii) The payee must be a certain person: The payee must be a certain person. For this purpose an individual, the official capacity of an individual, companies,societies, institutions, etc., are considered as a person.
(ix) Payable either to order or to Bearer: The cheque amount is payable either to the order of a certain person or to the bearer. If the drawer 'wishes to pay only to a specified person, he may add the word' only' after the payees' name.

First step we ask his registered phone number in the bank. If he has given phone number, we can get one-time password through the registered phone number and get new password easily. Second step, he can get the password with the mobile in the ATM also. He has to insert the debit card in ATM machine. It will ask the password. If he has forgotten the password, it will ask the phone number. If he types the phone number, he can get new password from the bank through his mobile number.
Third step: He can ask the branch manager, who will guide him properly and help him get the new password.

Short term and medium term loans are provided by commercial banks against eligible collaterals to business concerns. It is a definite sum of money lent for a definite period. It is repayable in one lump sum, or in instalments. Interest is payable on the entire loan amount. The loans are classified as under:
i) Housing Loan:
Taking the title deeds of the house as collateral security, based on the monthly income of the borrowing customer, banks advance medium and long term loans.The customer repay the loan in equated monthly instalments (EMI consists of principal and interest).
ii) Consumer Loans:
Consumer durables like refrigerator, air conditioner, laptop, washing machine, television, etc.can be purchased by customers with consumer loans from banks.The product purchased is hypothecated (secured loan arrangement where the movable asset remains with the borrower) as security for the consumer loan amount. The customer pays in equated monthly instalments for a specified period.
iii) Vehicle Loans:
Two wheelers, cars, buses and other vehicles can be purchased by individuals as well as institutions obtaining vehicle loans from the banks. Vehicles are hypothecated to the bank until the entire loan amount is repaid.
iv) Educational Loan:
Loan is provided by banks to students for studying undergraduate, postgraduate or professional courses. Loan may be received in instalments to pay the educational fees every year. After completion of the course one year is allowed for the student to get employed.Afterwards, the student should repay the loan with interest for the entire period. Interest is charged from the date of first instalment of loan amount payment.
v) Jewel Loan:
Customers pledge their gold jewels and. obtain loans from banks. The margin (percentage of value per gram that can be given as credit) requirement is fixed by the RBI. Interest should be paid every month. Otherwise interest on interest is charged. Within 12 months the customer can redeem or else can re-pledge. Jewels not redeemed even after reminders are sold in auction by banks to recover their dues.