Banking

Does cancelled cheque require signature

No, a signature is not required on a cancelled cheque. In fact, you should never sign a cancelled cheque to prevent potential misuse or fraud. 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. To properly cancel a cheque:
  • Draw two parallel diagonal lines across the face of a fresh cheque.
  • Write the word CANCELLED in capital letters between these lines.
  • Ensure all printed details remain clearly visible for verification.

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