Both are correct. If a single cheque is used it is called a cheque leaf. If a number of Cheques are used, collectively they are called cheque leaves or a cheque book or a booklet of Cheques. They all...
MICR stands for Magnetic Ink Character Recognition. It is a system using which magnetic readers can easily identify the bank that issued the cheque and other details reg. the cheque. Yes, all banks...
A cheque is a negotiable instrument that can be issued by one person to pay money to another person/entity. The person to whom the cheque is issued is entitled to receive the sum mentioned in the...