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A cancelled cheque works as evidence that shows that you have an account with a particular financial institution. Details such as the IFSC, account number, MICR code, and cheque number printed on the cheque leaf can help verify the existence of an account. A cancelled cheque can be recognized by the words u2018CANCELLEDu2019 written across it.
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How do you mark a cheque as cancelled? Step 1 Step 2 Cross two parallel lines across the cheque. Write 'cancelled' in between the lines.
01 02 Never sign on a cancelled cheque. Cancelled cheques that have been signed can be forged. Do I need to put my signature on the cancelled cheque?
Where should I write my name on a cancelled check? Apart from 'cancelled,' never write anything else on the cheque.
01 02 03 It is required when submitting a loan application. You will need it to withdraw funds from your EPF account. It will be required when purchasing insurance or opening a Demat account. Usage of the cancelled cheque
“Cancelled cheques serve as a KYC document. Make sure you write it properly to avoid any complications in future.” —Herofincorp
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