To Study and Compare the Security Features Present In Canadian, Dubai And Indian Cheque And Limitation With Suggestions

The cheque is an alternative to cash and eminently used practice for the financial transaction by banks globally. Eventually being such an immensely used document, there are cases reported regarding crime, forgery, alterations, and disguise. The cheque is an authentic document embedded with security features under the direction of the authorities and guidelines of a particular country. Security features are the vital line of defines against the cheque frauds. There are several security features embedded in the cheque, few of them are watermarks, logo, Serial number, account number, bank name and these features can be visible under normal or different light sources and instruments. The present study of the security features focuses on the examination and comparison of modern Indian cheque (Punjab National Bank), Canadian cheque (Canada Trust) and Dubai cheque (Emirates NBD). Enduringly studying the security features of three different countries, it can be concluded that in Indian cheque ample numbers of security features are present, while Dubai cheque has acceptable and exclusive security features which are not found in other country cheques. Although in Canadian cheque security features are less when compared to Indian and Dubai cheque. With an escalation in technology, it is becoming relatively accessible for the culprit to conduct a crime using a cheque for financial benefits. Thus, it requires amendment of advance security feature which is discussed in the suggestions.