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Wednesday, December 2, 2009

How to cancel a cheque - Banking tips

Mnay times companies ask us to provide a cancelled cheque for formalities specially for ecs payment(Electronic Clearing Service).It can be on the time of opening of a demat account with a share trading company or when you are taking some insurance policies etc.

The simple method is given in this pic below : You don't need to sign it.

5 comments:

  1. i don't know why we have to deal with akshay. nilurkar , the only way out is poison .
    this is sad .

    ReplyDelete
  2. Is it enough to simply write "cancelled" between those 2 lines or is it also necessary to make the account number illegible?

    If I want to send it by post, is it correct to first make a photocopy and then write cancelled on the image of the cheque on the photocopy? I do not want to write "cancelled" on an original cheque leaf, this making it unusable.

    ReplyDelete
  3. very accurate information for cancelled check.
    Thanks.
    Free Essay

    ReplyDelete
  4. Should signature required in a cancelld cheque?

    ReplyDelete
  5. Perfect Example, we need to have 2 cross line with "Cancelled" written on the cheque.

    ReplyDelete