A cheque is an unconditional order addressed to a banker, signed by the person who has deposited money with a banker, requesting him to pay on demand a certain sum of money only to the order of the certain person or to the bearer of the instrument.
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Self cheques:
A self-cheque is written by the account holder as pay self to receive the money in the physical form from the branch where he holds his account.
If your friend wants to pay YOU the amount of 10000/-, he/she should have written YOUR NAME in the space provided for PAYEE on the cheque. If he/she has written SELF in that area, it is supposed to be used by him (or the bearer as written on the cheque) and whoever possesses that cheque can go to the same branch and bank of the account holder to cash the cheque.
Some banks may honour cheques in their other branches than the account holder branch. However, this cannot be encashed in any other BANK.
You can either encash it by visiting the bank and the branch of your friend’s account or should return or tear this cheque off (If lost, the person who finds it can get it cashed from the bank and branch mentioned on the cheque) and ask for another cheque in your name that you can deposit in your account.
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