How do I write a cancelled cheque? - PowerPoint PPT Presentation

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Title:

How do I write a cancelled cheque?

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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 ‘CANCELLED’ written across it. – PowerPoint PPT presentation

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Title: How do I write a cancelled cheque?


1
How do I write a cancelled cheque?
2
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.

3
Do I need to put my signature on the cancelled
cheque?
01
02
  • Never sign on a cancelled cheque.
  • Cancelled cheques that have been signed can be
    forged.

4
Where should I write my name on a cancelled check?
  • Apart from 'cancelled,' never write anything else
    on the cheque.

5
Usage of the cancelled 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.

6
Cancelled cheques serve as a KYC document. Make
sure you write it properly to avoid any
complications in future.
  • Herofincorp

7
Thanks!
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel 18001024145
Email customer.care_at_herofincorp.com
Website https//www.herofincorp.com/
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