What is the meaning of cancelled cheque

A cancelled cheque is a regular cheque leaf marked with two parallel diagonal lines and the word CANCELLED written across it. This process invalidates the cheque for any monetary transactions, ensuring it cannot be used for withdrawals or payments. It serves as an official proof of a bank account and provides essential details, including:

• Account holder’s name
• Bank account number
• IFSC and MICR codes
• Bank branch information

In India, cancelled cheques are commonly required for KYC verification, opening Demat accounts, setting up EMIs, and processing EPF withdrawals.