A few months back I found myself in need of providing a cancelled cheque for a financial transaction. I carefully took out my cheque book, filled in the necessary details, and prepared to cancel it. I was aware of how to give cancelled cheque. With a steady hand, I wrote "CANCELLED" across the cheque in bold letters, ensuring its clarity. Let me explain to you in detail about the process.
How to give cancelled cheque for loan?
To give a cancelled cheque for loan, follow these steps:
Take a blank cheque from your chequebook.
Write the word "CANCELLED" clearly across the cheque in large letters.
Draw a line across the cheque to indicate that it is cancelled.
Ensure that all other details on the cheque, such as your name, account number, and bank details, are not obscured.
Keep a copy of the cancelled cheque for your records if needed.
If required, provide the cancelled cheque to the recipient or organization requesting it for verification purposes, such as for setting up electronic fund transfers or direct debit arrangements.
How to give cancelled cheque for PF?
The process of cancelling a cheque for any purpose is quite similar. However, I will explain to you how to provide a cancelled cheque for PF (Provident Fund) purposes:
Take a blank cheque from your chequebook that is linked to your bank account.
Write the word "CANCELLED" across the cheque in large letters.
Draw a line across the cheque to indicate that it is cancelled.
Ensure that your name, bank account number, and other details on the cheque are legible and visible.
Submit the cancelled cheque to the appropriate PF office or your employer's HR department.
The cancelled cheque will be used to verify your bank account details for PF contributions and withdrawals.
This is
how to give cancelled cheque.
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How to Give Cancelled Cheque?
Dinesh
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1 Answers
1 Year
2023-05-31T16:11:13+00:00 2023-05-31T16:18:49+00:00Comment
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