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How To Cancel a Cheque?

Finance Guru Speaks: This article will guide you on how to Cancel a Cheque.

Some examples where Cancelled Cheques are primarily required are: Providing your bank details for modifications in a Mutual Fund House, to start SIP in a Mutual Fund, formalities of ECS setup, etc.

Inorder to cancel a cheque, you just need to write "cancelled" between two cross lines, as shown below:-


How to cancel a Cheque
Cancelled Cheque
No need to put your signature on the cheque. Also, you can use the photocopy of the cancelled cheque. Please check with the concerned authority before doing that so that you can save your original cancelled cheque leaf. :)

Please see, how a cheque is being cancelled. Please note, I've hidden the confidential details like Account Name, Account No., MICR, IFSC, Cheque No., Branch Address, Branch Name because this example is just for demonstration.
But for actual use, just write "Cancelled" in between two lines as shown below and don't scratch any other details on the cheque and no need to put your signature.

Remember, whenever a cheque is cancelled, it loses all its transactional power. It becomes a Void/Dummy cheque which is used for setting up ECS for SIP in Mutual Fund houses or updating your bank details records like IFSC Code, MICR Code etc. with the concerned authorities.

Also Read:


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27 comments:

  1. Thank You, It was useful

    ReplyDelete
  2. Hi Anonymous,

    You are most welcome!

    Team FGS.

    ReplyDelete
  3. Thank you. Very useful.

    ReplyDelete
  4. thank you very much....found exactly what im searching for....

    ReplyDelete
  5. Dear All,

    Thanks for your encouragement.


    Regards,
    Team Finance Guru

    ReplyDelete
  6. Thank You....! i can use for getting authority fro payment gateway ?
    can i self cancelled without informing bank or needed bank inform this cheque number?

    ReplyDelete
  7. Thanks.. It was useful

    ReplyDelete
  8. Do we have to put any information of cancelled cheque on record slip in cheque book or not??

    ReplyDelete
    Replies
    1. Hi,

      Thanks for visiting the blog. For your question - it is not mandatory. Entering details in the record slip is just for your personal purpose so that you will be aware which cheque no. is used for what purpose.

      Hope its clear.


      Regards,
      Finance Guru Speaks

      Delete
  9. good job sir,
    thank you

    ReplyDelete
    Replies
    1. Thank you dear Reader.


      Regards,
      Finance Guru Speaks

      Delete
  10. Thanks. Very useful info!!

    ReplyDelete
  11. very useful information. thanks

    ReplyDelete
  12. Out of ignorance i have signed the cancelled cheque. Is it harmful ?

    ReplyDelete
    Replies
    1. Hi Guruprasad,

      Thanks for visiting this website. Once a Cheque is cancelled, it loses its transactional power. So, in short, no harm.


      Regards,
      Finance Guru Speaks

      Delete
  13. A cancelled cheque is also signed by the bearer. Is it harmful any way.

    ReplyDelete
    Replies
    1. Dear Reader,

      No harm.

      Regards,
      Finance Guru Speaks

      Delete
  14. Thanks for your info... it's really helped me while surrendering my mutual funds policy

    ReplyDelete
    Replies
    1. Thank you Rajesh for your kind comments.


      Regards,
      Finance Guru Speaks

      Delete
  15. Thank you so must it's good for mi and my friend

    ReplyDelete
  16. Thank you so must it's good for mi and my friend

    ReplyDelete
    Replies
    1. Thank you Madan for your kind words. Keep visiting and sharing this website articles.


      Regards,
      Finance Guru Speaks

      Delete

Thanks for your interest in this blog.


Sincerely,
Team Finance Guru Speaks

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