[samarthr1]

Wait, why do you need a shop to cash a cheque? Isnt that one of the last few things you go to a bank for?

Also, how do you cash a cheque without validating signature (from whichever bank)?

Here in India atleast, cheques are cashed only at banks, and often are a/c payee only (no cash disbursed, only account transfer). They get truncated at the bank (basically scanned), and cleared overnight as a part of the CTS (a NPCI product).

However DDs (Demand Drafts) are your equivalent of cashiers cheques, and can be redeemed at par instantly, anywhere (or paid into an account).

[globular-toast]

You go to the bank to deposit a cheque into your account. But you need to have an account. Cheque cashing services will essentially buy the cheque from you for a bit less than the value written on it. It's mainly for people without bank accounts.

[Suppafly]

>Wait, why do you need a shop to cash a cheque? Isnt that one of the last few things you go to a bank for?

In the US, a lot of poor people (and illegal immigrants) are unbanked. But also check cashing places also tend to do title loans (turn over your car title for a temporary loan) and other sorts of "fast cash" loans with usurious rates. They and pawn shops are they type of businesses that show up in areas of town where the cost of retail spaces drop.