Abstract: The present disclosure relates to system(s) and method(s) for processing a scanned cheque. The system is configured for receiving a scanned cheque from a banking system, wherein the scanned cheque comprises a set of fields. Further, the system is configured for processing the scanned cheque using deep neural network for digitize the set of values. Further, the system is configured for applying a data processing algorithm on the digitized set of values to generate a set of processed values. Further, the system is configured for extracting a sub set of processed values, from the set of processed values, based on natural language processing of the set of processed values. Further, the system is configured for applying one or more validations, from a set of validations, on the sub set of processed values and transmit the sub set of processed values to the banking system thereby processing the scanned cheque.