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August 31st, 2016, 11:15 AM
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SBI Cancelled Cheque
I want to know how to cancel a Check of State Bank of India SBI so can you please tell me? A cancelled cheque simply refers to any cheque that has strike marks on it with the words ‘cancelled’ written across. Inorder to cancel a cheque, you just need to write "cancelled" between two cross lines. No need to put your signature on the cheque. Also, you can use the photocopy of the cancelled cheque. 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. Though no one can withdraw money from your account using a cancelled cheque, fraudulent activities using a cancelled cheque Last edited by Neelurk; February 29th, 2020 at 09:29 AM. |
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