What is mean by cancelled cheque

A cancelled cheque is a regular cheque leaf marked with two parallel diagonal lines and the word "CANCELLED" written between them. It serves as a non-negotiable document, meaning it cannot be used to withdraw or transfer funds. Its primary purpose is to provide verified proof of your bank account details, including:

• Account holder's name
• Account number
• IFSC and MICR codes
• Bank branch name

It is commonly required for KYC verification, setting up EMIs, insurance policies, and mutual fund investments.