Just wanted to know more about this. Do people still use cheque books? If yes, why? Isn’t this like an old payment method? Would like to hear pros and cons on why would someone ask for a cheque book, what will you use it for, etc.
Lemme know your thoughts
There are still few places (lic,insurance, stock broker…etc) which need passbook or checkbook or account statement for account verification at some point.
Since jupiter didn’t have passbook option and i doubt the email statement will be valid , so checkbook is very much required. So better to have few leaves check. (In fact same, specially for neo banks)
(I went onboard yesterday and requested debit card and checkbook too for this sole reason. Hope will get that soon )
It’s required for some government schemes and Product Finance Cheque Book is required while financing the Product At the Store.
That’s it I think because I use cheque book for this reason only.
Ah this makes sense. Thanks a ton guys
If there’s any more reasons for why people still need/use it, do add on.