Today life is fast. If a person with an account in Delhi writes a check to a person with an account in Delhi, the bank of the person staying in Bangalore will charge the person as they have to send the check to Delhi for clearing. In such a situation, a draft draft is a better option that can be drawn up in the name of the city where it is to be settled. But if a check can be presented at any local branch for clearing, it is not necessary to send the check to any other city. Hence the importance of checks at par. They are treated as locally everywhere and can be presented for compensation and therefore there is no charge to deduct. The benefits of it are the following:

– No charge is deducted.

– It is not necessary to issue draft lawsuit.

– It is treated locally everywhere. Save time and speed up the transaction.

– II is without problems.

– It only requires little effort on the part of the issuing party to solve all the problems.

– Increase the financial reach of the client.

Disadvantages:

The only downside is that very few banks offer this facility. If more and more banks offer this facility, the cost of the transaction will be reduced, as well as the time per transaction.

Conclusion: Therefore, it is a great facility. Axis Bank offers this At Par Check service and your checks are treated as locally at all of its branches in the country. Many other banks also offer this facility.