![]() Purpose of a Cancelled ChequeĪs all the primary details of your bank account are present in a cancelled cheque, it helps a verifier/auditor to confirm these details of yours. There is the account holder’s name, branch name and address, account number, and MICR code on the cheque which is enough to submit as proof. ![]() It only works as proof that you have an account in the bank. You don’t need to sign the cancelled cheque. To cancel cheque leaves, you just need to strike two lines across the cheque and write the word “ CANCELLED” across it. Read in detail: Types of Cheque How to Cancel a Cheque Traveller’s cheques don’t have an expiry date and can be used at later date. These are issued by one bank and can be encashed in the form of currency at a different bank in a foreign location/country.
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