cancelled cheque

 What is a cancelled cheque? A cheque with two parallel strike lines is known as a cancelled cheque. The phrase "CANCELLED" is scrawled across the cheque between the two parallel strike lines. It is written like this to ensure no one can misuse the cheque.

Why Cancelled cheque is required?

A cancelled cheque is a method to ensure that no one can access your account in a fraudulent way. A cancelled cheque still contains information such as your bank account number, account holder's name, IFSC code, MICR code, name of the bank, etc.

 A cheque is called 'cancelled cheque' when two lines are drawn across it and the word “cancelled' is written between the two lines.

How can I get a Cancelled cheque?

Step 1: Take a fresh cheque from your cheque leaf that you wish to cancel. Do not sign anywhere on the cheque. Step 2: Draw two parallel cross lines across the cheque. Step 3: Write “CANCELLED” between those two lines in capital letters.

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