Do i need to sign cancelled cheque

No, you do not need to sign a cancelled cheque. Its primary purpose is to verify your bank account details, such as the account number, IFSC, and MICR code, rather than to authorize a payment. In fact, most financial institutions and experts advise against signing it to prevent any potential misuse. To correctly cancel a cheque:

• Draw two parallel diagonal lines across the cheque leaf.
• Write the word CANCELLED in capital letters between those lines.
• Ensure that your markings do not obscure critical printed information like the account number or IFSC.