Finance Guru Speaks: This article will provide you information on how you can request for stopping your Kotak Mahindra Bank Cheque payment through Internet Banking facility.
First of all, why would someone issue a Cheque and then want to cancel the payment request?
Some of the common reasons are:-
- The respective issued Cheque got lost in courier/post.
- Issued Cheque got stolen.
- You want to reissue a new Cheque because of some reasons.
- You have already paid the receiving party in Cash.
- The Cheque was issued with some errors.
Steps to follow to stop Cheque Payment using Kotak Mahindra Bank Internet Banking:-
1. Open Kotak Mahindra Bank Online Banking Website. Provide your login details like CRN (Customer Relationship Number) and Password.
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| Kotak Mahindra Bank Login Page |
2. Generate the Dynamic Access Code. It will be send to your registered Email ID and Mobile Number.Provide the Dynamic Access Code and click on SECURE LOGIN.
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| Generate Dynamic Access Code |
3. Once the Home Page gets opened, go to Banking -> Service Requests -> New Service Request link as shown below:-
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| Banking Features |
4. Click on Stop Cheque(s) link as shown below:-
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| Stop Cheque Option |
5. Fill the details as shown below:-
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| Click to enlarge - Stop Cheque Request |
- First select the Account number.
- As seen above, you need to provide the Start Cheque Number and End Cheque Number. Suppose you have to cancel payments issued via 3 Cheques: 000121,000122 & 000123, then you can give "Start Cheque Number=000121" and "End Cheque Number = 000123".
- If you want to cancel only one Cheque Payment, then enter that Cheque Number in the "Start Cheque Number" field and leave "End Cheque Number" as Blank.
- Click on Stop Cheque button.
- Confirm the request.
This is how you can cancel the payment request of an issued Cheque.
Please note as per Internet Banking site:-
Stop Payment instruction once given cannot be withdrawn. The cheque numbers mentioned should belong to the same cheque book.
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Images Courtesy: Kotak Mahindra Bank Website