{"id":2928,"date":"2018-04-15T23:04:26","date_gmt":"2018-04-15T17:34:26","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=2928"},"modified":"2019-09-25T12:20:08","modified_gmt":"2019-09-25T06:50:08","slug":"cancelled-cheques","status":"publish","type":"post","link":"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/","title":{"rendered":"Cancelled Cheques"},"content":{"rendered":"

A canceled cheque<\/a> is an original\u00a0cancelled cheque leaf<\/strong>\u00a0which bears an inscription \u2018cancelled\u2019 on it between two parallel lines drawn diagonally and therefore, has no transaction power. It is important to note that nothing else has to be written on a canceled cheque.<\/p>\n

Uses of Cancelled Cheques:<\/h2>\n

Cancelled Cheques can be used for various purposes including compliance requirements such as listed below:<\/p>\n

    \n
  1. KYC:\u00a0<\/strong>Cancelled cheques are used extensively in Know your customer (KYC) procedures and documentation. KYC is required for various types of investments such as stocks and mutual funds among others<\/li>\n
  2. Opening bank accounts<\/strong>: A prospective account holder (savings and current) has to submit a canceled cheque to successfully open his or her account with a bank<\/li>\n
  3. ECS:\u00a0<\/strong>Electronic clearance service (ECS) requires submission of cancelled cheques to enable deduction of money from the accounts of customers regularly<\/li>\n
  4. EMIs:\u00a0<\/strong>All banks ask their customers to submit Cancelled Cheques to finish the process of calculating and finalizing Equated Monthly Instalments (EMIs) for approving various types of loans such as home loans, education loans and car loans among others<\/li>\n
  5. Demat account:\u00a0<\/strong>To complete the process of opening a demat account, a canceled cheque should be submitted to the concerned stockbroker. The cancelled cheque has to be produced with various other documents such as ID proof and account opening form among others<\/li>\n
  6. Insurance: <\/strong>Cancelled Cheques\u00a0have to be submitted while buying various insurance policies such as endowment, health or term policies<\/li>\n<\/ol>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    A canceled cheque is an original\u00a0cancelled cheque leaf\u00a0which bears an inscription \u2018cancelled\u2019 on it between two parallel lines drawn diagonally and therefore, has no transaction power. It is important to note that nothing else has to be written on a canceled cheque. Uses of Cancelled Cheques: Cancelled Cheques can be used for various purposes including … Continue reading “Cancelled Cheques”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2928","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\r\nCancelled Cheques - Antworks Money<\/title>\r\n<meta name=\"description\" content=\"A Cancelled Cheques are the original\u00a0canceled cheque leaf\u00a0which bears an inscription \u2018cancelled\u2019 on it between two parallel lines...\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Cancelled Cheques - Antworks Money\" \/>\r\n<meta property=\"og:description\" content=\"A Cancelled Cheques are the original\u00a0canceled cheque leaf\u00a0which bears an inscription \u2018cancelled\u2019 on it between two parallel lines...\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antworksmoney\/\" \/>\r\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/antworksmoney\" \/>\r\n<meta property=\"article:published_time\" content=\"2018-04-15T17:34:26+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2019-09-25T06:50:08+00:00\" \/>\r\n<meta name=\"author\" content=\"Team Antworks\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@AntworksMoney\" \/>\r\n<meta name=\"twitter:site\" content=\"@AntworksMoney\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Antworks\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/\"},\"author\":{\"name\":\"Team Antworks\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7\"},\"headline\":\"Cancelled Cheques\",\"datePublished\":\"2018-04-15T17:34:26+00:00\",\"dateModified\":\"2019-09-25T06:50:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/\"},\"wordCount\":243,\"publisher\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/\",\"name\":\"Cancelled Cheques - Antworks Money\",\"isPartOf\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\"},\"datePublished\":\"2018-04-15T17:34:26+00:00\",\"dateModified\":\"2019-09-25T06:50:08+00:00\",\"description\":\"A Cancelled Cheques are the original\u00a0canceled cheque leaf\u00a0which bears an inscription \u2018cancelled\u2019 on it between two parallel lines...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.antworksmoney.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cancelled Cheques\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/\",\"name\":\"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.antworksmoney.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\",\"name\":\"antworksmoney.com\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg\",\"contentUrl\":\"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg\",\"width\":335,\"height\":328,\"caption\":\"antworksmoney.com\"},\"image\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/antworksmoney\/\",\"https:\/\/twitter.com\/AntworksMoney\",\"https:\/\/www.linkedin.com\/company\/13288601\/\",\"https:\/\/in.pinterest.com\/antworksmoney\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7\",\"name\":\"Team Antworks\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g\",\"caption\":\"Team Antworks\"},\"sameAs\":[\"https:\/\/www.antworksmoney.com\/\",\"https:\/\/www.facebook.com\/antworksmoney\",\"https:\/\/twitter.com\/@AntworksMoney\"],\"url\":\"https:\/\/www.antworksmoney.com\/blog\/author\/admin-2\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cancelled Cheques - Antworks Money","description":"A Cancelled Cheques are the original\u00a0canceled cheque leaf\u00a0which bears an inscription \u2018cancelled\u2019 on it between two parallel lines...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/","og_locale":"en_US","og_type":"article","og_title":"Cancelled Cheques - Antworks Money","og_description":"A Cancelled Cheques are the original\u00a0canceled cheque leaf\u00a0which bears an inscription \u2018cancelled\u2019 on it between two parallel lines...","og_url":"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/","og_site_name":"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","article_publisher":"https:\/\/www.facebook.com\/antworksmoney\/","article_author":"https:\/\/www.facebook.com\/antworksmoney","article_published_time":"2018-04-15T17:34:26+00:00","article_modified_time":"2019-09-25T06:50:08+00:00","author":"Team Antworks","twitter_card":"summary_large_image","twitter_creator":"@AntworksMoney","twitter_site":"@AntworksMoney","twitter_misc":{"Written by":"Team Antworks","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/#article","isPartOf":{"@id":"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/"},"author":{"name":"Team Antworks","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7"},"headline":"Cancelled Cheques","datePublished":"2018-04-15T17:34:26+00:00","dateModified":"2019-09-25T06:50:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/"},"wordCount":243,"publisher":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#organization"},"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/","url":"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/","name":"Cancelled Cheques - Antworks Money","isPartOf":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#website"},"datePublished":"2018-04-15T17:34:26+00:00","dateModified":"2019-09-25T06:50:08+00:00","description":"A Cancelled Cheques are the original\u00a0canceled cheque leaf\u00a0which bears an inscription \u2018cancelled\u2019 on it between two parallel lines...","breadcrumb":{"@id":"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.antworksmoney.com\/blog\/cancelled-cheques\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.antworksmoney.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Cancelled Cheques"}]},{"@type":"WebSite","@id":"https:\/\/www.antworksmoney.com\/blog\/#website","url":"https:\/\/www.antworksmoney.com\/blog\/","name":"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","description":"","publisher":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.antworksmoney.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.antworksmoney.com\/blog\/#organization","name":"antworksmoney.com","url":"https:\/\/www.antworksmoney.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg","contentUrl":"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg","width":335,"height":328,"caption":"antworksmoney.com"},"image":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/antworksmoney\/","https:\/\/twitter.com\/AntworksMoney","https:\/\/www.linkedin.com\/company\/13288601\/","https:\/\/in.pinterest.com\/antworksmoney"]},{"@type":"Person","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7","name":"Team Antworks","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g","caption":"Team Antworks"},"sameAs":["https:\/\/www.antworksmoney.com\/","https:\/\/www.facebook.com\/antworksmoney","https:\/\/twitter.com\/@AntworksMoney"],"url":"https:\/\/www.antworksmoney.com\/blog\/author\/admin-2\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/2928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=2928"}],"version-history":[{"count":3,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/2928\/revisions"}],"predecessor-version":[{"id":6838,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/2928\/revisions\/6838"}],"wp:attachment":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=2928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=2928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=2928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}