What is cancelled cheque ।।। How to write a cancelled cheque ।।। How to create a cancel cheque
What is cancelled cheque. How to write a cancelled cheque.
Banks or financial institutions may require cancelled cheques in order to confirm the accuracy of a user’s banking information. These cheques must be submitted as evidence of a valid bank account. It is important to understand what a cancelled cheque is, how to properly fill one out, and when it may be requested in order to properly use them for financial matters.
A cancelled cheque is a type of crossed cheque that has two parallel lines drawn across it and the word “CANCELLED” written between the lines. This makes it impossible for anyone to use the cheque for unauthorized financial transactions.
However, cancelled cheques still contain sensitive information, such as bank account numbers, account holder’s name, cheque number, MICR code, and branch code, that could potentially be stolen or misused through cybercrime. As a result, it is important to handle cancelled cheques with care and ensure that they are stored and disposed of securely.
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