is bank cheques are free or chargable product?
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is bank cheque facility free or chargeble? pls share your experience? and which is good amoung SBI, icici or BOB as have savings accounts in these banks.
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Cheque payment system is free, beneficiary receives full amount but chequebooks might be chargeable depending upon your bank's policy. Banks provide limited number of cheques free per quarter, if you need additional cheque book they may charge a fee.
best option is to find the info in the respective bank's website
in terms of cheque process/handling in bank, ICICI is way way better in terms of customer service than SBI (again based on personal experience and branch in my place)
bank cheque is a chargeable product (depends on the account type you have with the respective bank)
Usually the norm is free for certain number of leaves "per quarter or per year" depending on the banking account relationship you have with a particular bank
Eg:
1) normal savings account will give you 1 cheque book for free per quarter or per year
2) high NetWorth savings account will give you free UNLIMITED cheque books
free upto some limit like 10 or 15 or 25 leaves.