A cancelled cheque simply refers to any cheque that has strike marks on it with the words ‘CANCELLED’ written across. A cancelled cheque leaf is considered to be proof that you actually hold an account with the bank.
A cancelled cheque is required in many cases such as Opening a Demat account, withdrawal of EPF funds, setting an Electronic Clearance Service from the account. Next, let me illustrate to you how to make a Cancelled Cheque.
How To Make Cancelled Cheque?
- To cancel a cheque leaf, all you need to do is draw two parallel lines across the cheque and write ‘CANCELLED’ in between the two lines. (like in the sample above)
- A cancelled cheque doesn’t require your signature or Date.
|CANCELLED CHEQUE IMAGE|