How to Cancel a Cheque | Steps for Writing a Canceled Cheque

At times you are asked to submit a cancel cheque to verify your bank account. This can be for completing your KYC, for a number of bank verification processes, or maybe for some other reason.

The best way to cancel a cheque is to strike two lines across the cheque and write the word “CANCELED” across it.

In this article, you will get to know the following points about canceling a cheque,

Steps to cancel a cheque
Uses of a canceled cheque
Things to keep in mind

Let’s see each of these points in detail…

Steps to cancel a cheque

To write a canceled cheque,

First, take an empty cheque from your bank chequebook.
Make sure it’s NOT signed.
Now strike two lines diagonally across the cheque with a blue pen.
Next, write the word ‘Cancelled’ between the lines.

By following these steps you can easily write a canceled cheque.

Uses of a canceled cheque

A canceled cheque can be used in a number of places such as,

To verify your bank account during KYC.
As a proof of bank account while taking a loan.
To verify your bank while withdrawing your PF.
For bank account verification while investing in Mutual Funds or buying insurance policy.

Things to keep in mind while canceling a cheque

Things you should keep in mind while canceling a cheque are,

Do not sign the canceled cheque.
It is recommeded to write the word ‘CANCELED’ in caps.
Try using a blue pen while writing a canceled cheque.

FAQs about canceling a cheque

How to cancel a cheque?

To cancel a cheque, you need to strike two lines across the cheque and write the word “CANCELED” across it.

Can I use a canceled cheque to verify a bank account?

You can use a canceled cheque to verify your account in certain places such as for KYC, withdrawing your PF, investing in a mutual fund, etc.

Do I need to sign the canceled cheque?

No. You don’t need to sign a canceled cheque.

(Disclaimer: The information provided in this article is for educational purposes only. The screenshots/logos used are the intellectual property of the respective owners. dreamtrixfinance.com neither endorses nor is affiliated with the brands mentioned. This is not financial advice.)