{"id":4179,"date":"2025-09-10T15:19:20","date_gmt":"2025-09-10T09:49:20","guid":{"rendered":"https:\/\/flexiloans.com\/blog\/?p=4179"},"modified":"2025-09-22T14:40:42","modified_gmt":"2025-09-22T09:10:42","slug":"how-to-write-a-cancelled-cheque","status":"publish","type":"post","link":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/","title":{"rendered":"How to Give or Make a Cancelled Cheque for a Loan (2025 Guide)"},"content":{"rendered":"\n<p>Avoid Loan Rejections; Learn the Right Way to Make and Submit a Cancelled Cheque for KYC and Loan Verification in 2025<\/p>\n\n\n\n<p>Authored By FlexiLoans | Date: 10\/09\/2025<\/p>\n\n\n<ul class=\"new-style\">\n<li>Quick Summary<\/li>\n<li class=\"first\">What: A cancelled cheque is a blank cheque marked with \u201cCANCELLED\u201d and used as proof of account details for verification, not for transactions.<\/li>\n<li class=\"second\">Why: Lenders, NBFCs, and other institutions request it during KYC to confirm account name, number, IFSC, and bank branch without requiring sensitive banking activity.<\/li>\n<li class=\"third\">Who: Anyone applying for loans, opening bank accounts, or completing financial verifications may be asked to provide a cancelled cheque.<\/li>\n<li class=\"fourth\">How: Strike two diagonal lines across the cheque and write \u201cCANCELLED\u201d in capital letters between them. Do not sign the cheque.<\/li>\n<li class=\"fifth\">Use case: Essential for MSME loan applicants, startups, and anyone applying for digital loans with FlexiLoans or other lenders.<\/li>\n<\/ul>\n\n\n<h2 class=\"wp-block-heading\"><strong>Introduction<\/strong><\/h2>\n\n\n\n<p>If you&#8217;ve ever applied for a business loan, opened a new bank account, or completed a Know Your Customer (KYC) form, chances are you&#8217;ve been asked to submit a cancelled cheque. It might seem confusing at first, why would someone need a cheque you can&#8217;t use to make payments?<\/p>\n\n\n\n<p>A cancelled cheque serves one crucial purpose: verifying your bank account details without risking misuse. It&#8217;s a simple, secure way for lenders, NBFCs, and service providers to confirm your account number, IFSC code, bank name, and account holder name.<\/p>\n\n\n\n<p>In this guide, we&#8217;ll walk you through everything you need to know, from how to write a cancelled cheque correctly to when and why it\u2019s required. Whether you&#8217;re applying for a collateral-free MSME loan through FlexiLoans or completing a standard financial verification, this guide ensures you get it right the first time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Drawer of the Cheque<\/strong><\/h2>\n\n\n\n<p>A drawer is an individual who orders the bank to issue the specified sum of money written on the cheque. The drawer of the cheque is required to sign the instrument. The bank cannot issue the amount to the drawee if the cheque is unsigned.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Drawee of the Cheque<\/strong><\/h2>\n\n\n\n<p>The drawee is the bank that will pay the amount of money to the person specified in the cheque.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Payee<\/strong><\/h2>\n\n\n\n<p>The payee is the person who receives the specified amount from the bank. The bank is ordered to pay the specified amount as per the drawer\u2019s request to the drawee. There are various types of cheques, such as cancelled, stale, self, open, bank, and crossed cheques. In this article, we will discuss the meaning and uses of a cancelled cheque and how to make a cancelled cheque.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"first\"><strong>What is a Cancelled Cheque?<\/strong><\/h2>\n\n\n\n<p>A cancelled cheque is a cheque leaf that has the word \u201cCANCELLED\u201d written across it, typically in large capital letters. Importantly, it is not signed and is not used for financial transactions. Instead, it is provided to third parties as proof of your bank account details.<\/p>\n\n\n\n<p>Though it has no monetary value, a cancelled cheque still reveals critical information, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Your full name (as per the bank records)<br><\/li>\n\n\n\n<li>Bank account number<br><\/li>\n\n\n\n<li>IFSC (Indian Financial System Code)<br><\/li>\n\n\n\n<li>MICR code (used for cheque processing)<br><\/li>\n\n\n\n<li>Branch name and address<\/li>\n<\/ul>\n\n\n\n<p><strong>Note: <\/strong>Always strike through the cheque with \u201cCANCELLED\u201d using a black or blue pen, never a pencil. And avoid signing it to prevent fraud.<\/p>\n\n\n\n<div class=\"also_read\">\n<h3>Also Read:\nUnderstand MSME loan application requirements in our <a href=\"https:\/\/flexiloans.com\/msme-loan\/documents-required\">document checklist<\/a>\n<\/h3>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"second\"><strong>Why Do Financial Institutions Ask for a Cancelled Cheque?<\/strong><\/h2>\n\n\n\n<p>Cancelled cheques are often requested as part of documentation to verify your <strong>bank account ownership<\/strong> and ensure accurate disbursal or debit for various financial services. Even though the cheque is non-functional for payments, it serves as <strong>official proof of account details<\/strong>.<\/p>\n\n\n\n<p>Here are the most common scenarios where you might be asked to provide one:<\/p>\n\n\n<div class=\"fw-table\">\n<table>\n<tbody>\n<tr class=\"default-row\">\n<td class=\"default-col\"><strong>Purpose<\/strong><\/td>\n<td class=\"default-col\"><strong>Reason for Cancelled Cheque<\/strong><\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">Loan Applications<\/td>\n<td class=\"default-col\">To verify the borrower\u2019s account for disbursal<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">EMI Auto-Debit Registration (ECS\/NACH)<\/td>\n<td class=\"default-col\">To authorise automatic deductions from your account<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">EPF Withdrawals or Transfers<\/td>\n<td class=\"default-col\">EPFO requires it to match bank account details<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">Demat\/Trading Account Setup<\/td>\n<td class=\"default-col\">Brokers verify your account before linking it for fund transfers<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">KYC and Bank Verification<\/td>\n<td class=\"default-col\">For compliance with financial institutions, brokers, or insurers.<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">Insurance Payouts or Maturity Claims<\/td>\n<td class=\"default-col\">Used to deposit proceeds to the correct account<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">Salary Account Setup by Employers<\/td>\n<td class=\"default-col\">Ensures HR\/payroll teams credit salaries to the correct bank account<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">Mutual Fund Redemptions<\/td>\n<td class=\"default-col\">Linking the correct account for investment returns.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\n\n<p><strong><em>Tip:<\/em><\/strong> A cancelled cheque reduces the risk of misdirected payments, making it a secure way to share sensitive banking details without exposing funds.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"third\"><strong>Uses of a Cancelled Cheque<\/strong><\/h2>\n\n\n\n<p>A cancelled cheque is used for various purposes. The uses of a cancelled cheque are listed as follows.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Know Your Customer (KYC)<\/strong><\/h3>\n\n\n\n<p>A cancelled cheque can be used for various KYC procedures, such as investing in stocks and mutual funds. A KYC procedure requires proof of bank account, address, branch of the bank, and IFSC code, and a cancelled cheque provides these details.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Equated Monthly Installments (EMI)<\/strong><\/h3>\n\n\n\n<p>EMI options are chosen by individuals for all kinds of purchases, and loans, such as a <strong><a href=\"https:\/\/flexiloans.com\/term-loan\">term loan for business<\/a><\/strong>, car loan, home loan, <strong><a href=\"https:\/\/flexiloans.com\/business-loan\/\">business loan<\/a><\/strong>, and the purchase of an asset. The bank or company requires a cancelled cheque to complete the formalities associated with the purchase.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>DEMAT Account<\/strong><\/h3>\n\n\n\n<p>A Demat account is opened to hold the shares and stocks. It is stored in an electronic form. A cancelled cheque is required while opening a Demat account with a bank or organization, along with KYC documents and identity proofs. All the identity proofs, including the cancelled cheque, are submitted to the stock brokerage to process the Demat account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Insurance Policies<\/strong><\/h3>\n\n\n\n<p>A cancelled cheque is required while choosing an insurance policy. However, it is not mandatory in all companies and organisations. An individual can use a cancelled cheque if an organisation specifically asks for it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Withdrawal of Employee Provident Fund (EPF)<\/strong><\/h3>\n\n\n\n<p>A cancelled cheque is required by the bank or company while withdrawing money from the employee\u2019s provident fund. It is used to verify the account details and the existence of the owner or drawer.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Electronic Clearance Service (ECS)<\/strong><\/h3>\n\n\n\n<p>ECS is an electronic mode that allows individuals to transfer funds from one bank account to another. While setting up an ECS account, the amount is deducted every month, and for the deduction, the bank requires a cancelled cheque from the account holder.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"fourth\"><strong><strong>How to Write or Make a Cancelled Cheque Correctly?<\/strong><\/strong><\/h2>\n\n\n\n<p>A cancelled cheque may seem simple, but doing it wrong can lead to delays in your application or rejection by financial institutions. Here\u2019s a comprehensive guide to ensure your cancelled cheque is accepted on the first go.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step-by-Step Instructions:<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Use a Fresh Cheque Leaf<\/strong><\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Select a new cheque from your cheque book.<\/li>\n\n\n\n<li>Ensure it\u2019s blank\u2014do <strong>not<\/strong> fill in any details or sign it.<\/li>\n\n\n\n<li>Example: A blank HDFC cheque with pre-printed name, account number, IFSC, etc.<\/li>\n<\/ul>\n\n\n\n<p><strong>    2. Draw Two Diagonal Lines<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>With a <strong>blue or black pen<\/strong>, draw two neat lines from the bottom-left to the top-right and vice versa.<\/li>\n\n\n\n<li>This ensures the cheque cannot be used as a financial instrument.<\/li>\n<\/ul>\n\n\n\n<p><strong>    3. Write \u201cCANCELLED\u201d in Capital Letters<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Write \u201c<strong>CANCELLED<\/strong>\u201d clearly in uppercase between the two lines.<\/li>\n\n\n\n<li>Do <strong>not<\/strong> overwrite critical fields like account number, MICR, or IFSC.<\/li>\n<\/ul>\n\n\n\n<p><strong>    4. Leave Signature Section Blank<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Never sign a cancelled cheque.<\/li>\n\n\n\n<li>Signing may expose you to forgery risks.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1536\" height=\"1024\" src=\"https:\/\/flexiloans.com\/blog\/wp-content\/uploads\/2025\/09\/ChatGPT-Image-Sep-10-2025-06_33_55-PM-1.png\" alt=\"Cancelled Cheque With Markings\" class=\"wp-image-9152\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What Details Are Visible to the Receiver?<\/strong><\/h3>\n\n\n\n<p>Even though the cheque is cancelled, it still reveals:<\/p>\n\n\n<div class=\"fw-table\">\n<table>\n<tbody>\n<tr class=\"default-row\">\n<td class=\"default-col\"><strong>Detail<\/strong><\/td>\n<td class=\"default-col\"><strong>Why It Matters<\/strong><\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">Account Number<\/td>\n<td class=\"default-col\">For direct transfers<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">IFSC &amp; MICR Code<\/td>\n<td class=\"default-col\">For bank identification &amp; NEFT\/RTGS<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">Bank Name &amp; Branch<\/td>\n<td class=\"default-col\">For verification<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">Name (if pre-printed)<\/td>\n<td class=\"default-col\">Matches with ID documents<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"fifth\"><strong>Safety Tips for Submitting a Cancelled Cheque<\/strong><\/h2>\n\n\n\n<p>While a cancelled cheque is considered a secure way to verify bank details, it\u2019s still a sensitive document that can be misused if not handled properly. Follow these tips to protect your financial information:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. Always Write \u201cCANCELLED\u201d Clearly Across the Cheque<\/strong><\/h3>\n\n\n\n<p>Use a black or blue pen and draw two parallel lines diagonally, writing &#8220;CANCELLED&#8221; between them. This ensures the cheque cannot be used for withdrawals or deposits.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Do Not Sign the Cancelled Cheque<\/strong><\/h3>\n\n\n\n<p>Never sign a cancelled cheque. Adding your signature could expose you to risk if someone tries to forge a transaction.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. Limit the Details You Share<\/strong><\/h3>\n\n\n\n<p>Only provide a cancelled cheque when it&#8217;s officially required. Do not attach personal or sensitive documents unless the request is from a verified, trustworthy institution.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>4. Avoid Sharing on Digital Platforms<\/strong><\/h3>\n\n\n\n<p>Refrain from uploading cancelled cheques to public or unsecured platforms. If you must email it, ensure the file is password protected or encrypted.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>5. Keep a Record<\/strong><\/h3>\n\n\n\n<p>Maintain a log of when, why, and to whom you submitted a cancelled cheque. This helps trace back in case of misuse.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1536\" height=\"1024\" src=\"https:\/\/flexiloans.com\/blog\/wp-content\/uploads\/2025\/09\/ChatGPT-Image-Sep-10-2025-06_33_50-PM.png\" alt=\"Cancelled Cheque Safety Guidlines\" class=\"wp-image-9149\"\/><\/figure>\n\n\n\n<div class=\"quotes\">\n<p>A cancelled cheque may seem like a small piece of paper, but it&#8217;s a crucial verification tool in the financial world. Whether you&#8217;re applying for a loan, setting up an ECS mandate, or onboarding with a new employer, this simple step ensures your banking credentials are accurate and secure.<\/p>\n<div>&#8211; explains an operations consultant <\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Risk Associat\u0435d With Canc\u0435ll\u0435d Ch\u0435qu\u0435<\/strong><\/h2>\n\n\n\n<p>The cancelled cheque also has some risks associated with it. Let\u2019s discuss some of the risks for your reference:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fraudul\u0435nt Us\u0435<br>On\u0435 significant risk is th\u0435 pot\u0435ntial for fraudul\u0435nt us\u0435. If a cancelled cheque leaf falls into th\u0435 wrong hands, som\u0435on\u0435 may attempt to misuse the banking information it contains for illicit financial activities. This could result in unauthoris\u0435d transactions or financial loss\u0435s.<\/li>\n\n\n\n<li>Id\u0435ntity Th\u0435ft<br>Anoth\u0435r conc\u0435rning risk is id\u0435ntity th\u0435ft. The banking details pr\u0435s\u0435nt on a cancelled cheque can b\u0435 exploited for identity th\u0435ft, potentially l\u0435ading to unauthoris\u0435d access to your bank account and personal information. Identity th\u0435ft can have s\u0435v\u0435r\u0435 consequences for your financial well-being and personal security.<\/li>\n\n\n\n<li>Privacy Conc\u0435rns<br>Privacy concerns arise when you share a cancelled cheque. Doing so exposes your sensitive financial information to unnecessary parties, which can potentially compromis\u0435 your privacy and financial security.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>To mitigat\u0435 th\u0435s\u0435 risks and effectively manage your line of credit, it&#8217;s crucial to \u0435nsur\u0435 s\u0435cur\u0435 handling, such as shredding cancelled cheques b\u0435for\u0435 disposal, sharing th\u0435m only with trust\u0435d parti\u0435s, and b\u0435ing vigilant about your banking stat\u0435m\u0435nts for any suspicious activiti\u0435s.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Final Thoughts: A Simple Cheque for Big Verifications<\/strong><\/h2>\n\n\n\n<p>Cancelled cheques play a critical role in ensuring trust and accuracy in financial transactions, be it for MSME loans, insurance claims, salary disbursals, or ECS mandates. While the process of writing one is simple, getting it right helps you avoid delays, rejections, or fraud risks.<\/p>\n\n\n\n<p>Whether you&#8217;re preparing loan documents or setting up auto-debit instructions, knowing how and when to provide a cancelled cheque gives your business a seamless edge. At FlexiLoans, we simplify the process further with a 100% digital journey, no unnecessary paperwork or confusion.<\/p>\n\n\n\n<div class=\"CTA-patch\">\n<div>\nSmart Business Funding Without the Paperwork Hassles\n<span>FlexiLoans offers fast, collateral-free business loans that minimise documentation, so you can focus on growing your business, not chasing paperwork.<\/span>\n<a href=\"https:\/\/flexiloans.com\/\">Learn More<\/a>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>FAQS<\/strong><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1757582662557\"><strong class=\"schema-faq-question\">Q.1 <strong>How to write a cancelled cheque in India?<\/strong><\/strong> <p class=\"schema-faq-answer\"><strong>Ans: <\/strong>You can write a cancelled cheque in India by following the steps mentioned below.<br\/>-Take a fresh cheque from your bank cheque leaf. Do not sign it anywhere.<br\/>-Draw two lines across the cheque in the centre. Make sure to draw parallel lines.<br\/>-Write \u201cCANCELLED\u201d in between the two parallel lines in capital letters.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757582708616\"><strong class=\"schema-faq-question\">Q.2 <strong>What is a cancelled cheque leaf?<\/strong><\/strong> <p class=\"schema-faq-answer\">A cheque leaf is a booklet that contains 10 or more cheques. A cancelled cheque leaf is a single leaf from it with the term \u201cCANCELLED\u201d written between two parallel lines.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757582766109\"><strong class=\"schema-faq-question\"><strong>Q.3 <strong>Do I need to sign a cancelled cheque?<\/strong><\/strong><\/strong> <p class=\"schema-faq-answer\">No. Signing a cancelled cheque is not required and may compromise its safety.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757582792851\"><strong class=\"schema-faq-question\">Q.4 <strong>Can my cancelled cheque be misused?<\/strong><\/strong> <p class=\"schema-faq-answer\">A cancelled cheque cannot be misused for monetary gain as it is not valid in the bank. However, people can misuse the information it contains, such as branch location, MICR code, IFSC code, and account number.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757582833214\"><strong class=\"schema-faq-question\">Q.5 <strong>Why do people cancel their cheques?<\/strong><\/strong> <p class=\"schema-faq-answer\">Cheques are cancelled for a variety of reasons. Some cheques are cancelled due to manual mistakes, such as writing the wrong amount, doubling the number, or writing the wrong name. Other cheques are cancelled due to companies\u2019 requirements, such as for a KYC, opening a Demat account, and withdrawing money from EPS. All these processes require an individual to submit a cancelled cheque for verification purposes.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757582884095\"><strong class=\"schema-faq-question\"><strong>Q<\/strong>.6<strong> Can I use a photocopy of a cancelled cheque?<\/strong><\/strong> <p class=\"schema-faq-answer\">No. Most financial institutions require an original cheque leaf. Photocopies are typically not accepted due to forgery risks.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757582924590\"><strong class=\"schema-faq-question\">Q.7 <strong>What if my name is not printed on the cheque?<\/strong><\/strong> <p class=\"schema-faq-answer\">You may be asked to attach an account statement or a bank-issued letter confirming ownership. Some lenders won\u2019t accept cheques without printed names.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757582946232\"><strong class=\"schema-faq-question\">Q.8 <strong>Is a cancelled cheque required for all types of loans?<\/strong><\/strong> <p class=\"schema-faq-answer\">Not always. It depends on the lender. However, most business loans, salary accounts, or investment-related services will ask for one.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757583027148\"><strong class=\"schema-faq-question\">Q.9 <strong>Can I reuse a cancelled cheque?<\/strong><\/strong> <p class=\"schema-faq-answer\">No. Each institution typically requires a freshly cancelled cheque. Never submit the same leaf to multiple parties.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757583053823\"><strong class=\"schema-faq-question\">Q.10 <strong>Can I submit a cheque from a joint account?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, but all account holders may need to sign the application or consent. Always check the lender\u2019s policy.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757583067674\"><strong class=\"schema-faq-question\">Q.11 <strong>What if I don\u2019t have a cheque book?<\/strong><\/strong> <p class=\"schema-faq-answer\">You can request a cheque book from your bank or ask for an account confirmation letter on the bank\u2019s letterhead as an alternative, if accepted by the lender.<\/p> <\/div> <\/div>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/loans.flexiloans.com\/?utm_source=Website&amp;utm_medium=Web&amp;utm_campaign=organic&amp;utm_term=organic&amp;utm_content=organic&amp;nlp=1\" style=\"background-color:#2b5582\">Apply For Business Loan Online<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Glossary: Key Terms Explained<\/strong><\/h2>\n\n\n<div class=\"fw-table\">\n<table>\n<tbody>\n<tr class=\"default-row\">\n<td class=\"default-col\"><strong>Term<\/strong><\/td>\n<td class=\"default-col\"><strong>Definition<\/strong><\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">Cancelled Cheque<\/td>\n<td class=\"default-col\">A cheque that has two parallel lines drawn across it with the word \u2018CANCELLED\u2019 written between them. It\u2019s not usable for transactions, but confirms bank details.<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">IFSC Code<\/td>\n<td class=\"default-col\">Indian Financial System Code, an 11-digit alphanumeric code that uniquely identifies your bank branch. Used for online fund transfers.<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">MICR Code<\/td>\n<td class=\"default-col\">Magnetic Ink Character Recognition code, a 9-digit code printed on cheques that helps speed up processing.<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">Cheque Book<\/td>\n<td class=\"default-col\">A booklet provided by your bank containing blank cheques linked to your bank account.<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">NBFC<\/td>\n<td class=\"default-col\">Non-Banking Financial Company, a financial institution that provides banking services like loans, but doesn\u2019t hold a banking license.<\/td>\n<\/tr>\n<tr class=\"default-row\">\n<td class=\"default-col\">KYC<\/td>\n<td class=\"default-col\">Know Your Customer is, mandatory identity and address verification process used by banks and financial institutions.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Avoid Loan Rejections; Learn the Right Way to Make and Submit a Cancelled Cheque for KYC and Loan Verification in 2025 Authored By FlexiLoans | Date: 10\/09\/2025 Quick Summary What: A cancelled cheque is a blank cheque marked with \u201cCANCELLED\u201d and used as proof of account details for verification, not for transactions. Why: Lenders, NBFCs, &hellip; <\/p>\n","protected":false},"author":1,"featured_media":4181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[217],"tags":[128],"class_list":["post-4179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-what-is-a-cancelled-cheque"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Make or Give a Cancelled Cheque | Step-by-Step Guide 2025<\/title>\n<meta name=\"description\" content=\"Learn how to write and submit a cancelled cheque correctly. 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Do not sign it anywhere.<br\/>-Draw two lines across the cheque in the centre. Make sure to draw parallel lines.<br\/>-Write \u201cCANCELLED\u201d in between the two parallel lines in capital letters.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582708616\",\"position\":2,\"url\":\"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582708616\",\"name\":\"Q.2 What is a cancelled cheque leaf?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A cheque leaf is a booklet that contains 10 or more cheques. 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However, people can misuse the information it contains, such as branch location, MICR code, IFSC code, and account number.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582833214\",\"position\":5,\"url\":\"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582833214\",\"name\":\"Q.5 Why do people cancel their cheques?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Cheques are cancelled for a variety of reasons. Some cheques are cancelled due to manual mistakes, such as writing the wrong amount, doubling the number, or writing the wrong name. Other cheques are cancelled due to companies\u2019 requirements, such as for a KYC, opening a Demat account, and withdrawing money from EPS. All these processes require an individual to submit a cancelled cheque for verification purposes.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582884095\",\"position\":6,\"url\":\"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582884095\",\"name\":\"Q.6 Can I use a photocopy of a cancelled cheque?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. Most financial institutions require an original cheque leaf. Photocopies are typically not accepted due to forgery risks.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582924590\",\"position\":7,\"url\":\"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582924590\",\"name\":\"Q.7 What if my name is not printed on the cheque?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You may be asked to attach an account statement or a bank-issued letter confirming ownership. Some lenders won\u2019t accept cheques without printed names.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582946232\",\"position\":8,\"url\":\"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582946232\",\"name\":\"Q.8 Is a cancelled cheque required for all types of loans?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not always. It depends on the lender. 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Do not sign it anywhere.<br\/>-Draw two lines across the cheque in the centre. Make sure to draw parallel lines.<br\/>-Write \u201cCANCELLED\u201d in between the two parallel lines in capital letters.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582708616","position":2,"url":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582708616","name":"Q.2 What is a cancelled cheque leaf?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A cheque leaf is a booklet that contains 10 or more cheques. A cancelled cheque leaf is a single leaf from it with the term \u201cCANCELLED\u201d written between two parallel lines.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582766109","position":3,"url":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582766109","name":"Q.3 Do I need to sign a cancelled cheque?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No. Signing a cancelled cheque is not required and may compromise its safety.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582792851","position":4,"url":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582792851","name":"Q.4 Can my cancelled cheque be misused?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A cancelled cheque cannot be misused for monetary gain as it is not valid in the bank. However, people can misuse the information it contains, such as branch location, MICR code, IFSC code, and account number.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582833214","position":5,"url":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582833214","name":"Q.5 Why do people cancel their cheques?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Cheques are cancelled for a variety of reasons. Some cheques are cancelled due to manual mistakes, such as writing the wrong amount, doubling the number, or writing the wrong name. Other cheques are cancelled due to companies\u2019 requirements, such as for a KYC, opening a Demat account, and withdrawing money from EPS. All these processes require an individual to submit a cancelled cheque for verification purposes.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582884095","position":6,"url":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582884095","name":"Q.6 Can I use a photocopy of a cancelled cheque?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No. Most financial institutions require an original cheque leaf. Photocopies are typically not accepted due to forgery risks.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582924590","position":7,"url":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582924590","name":"Q.7 What if my name is not printed on the cheque?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You may be asked to attach an account statement or a bank-issued letter confirming ownership. Some lenders won\u2019t accept cheques without printed names.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582946232","position":8,"url":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757582946232","name":"Q.8 Is a cancelled cheque required for all types of loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Not always. It depends on the lender. However, most business loans, salary accounts, or investment-related services will ask for one.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757583027148","position":9,"url":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757583027148","name":"Q.9 Can I reuse a cancelled cheque?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No. Each institution typically requires a freshly cancelled cheque. Never submit the same leaf to multiple parties.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757583053823","position":10,"url":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757583053823","name":"Q.10 Can I submit a cheque from a joint account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, but all account holders may need to sign the application or consent. Always check the lender\u2019s policy.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757583067674","position":11,"url":"https:\/\/flexiloans.com\/blog\/how-to-write-a-cancelled-cheque\/#faq-question-1757583067674","name":"Q.11 What if I don\u2019t have a cheque book?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You can request a cheque book from your bank or ask for an account confirmation letter on the bank\u2019s letterhead as an alternative, if accepted by the lender.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/flexiloans.com\/blog\/wp-json\/wp\/v2\/posts\/4179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flexiloans.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flexiloans.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flexiloans.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/flexiloans.com\/blog\/wp-json\/wp\/v2\/comments?post=4179"}],"version-history":[{"count":12,"href":"https:\/\/flexiloans.com\/blog\/wp-json\/wp\/v2\/posts\/4179\/revisions"}],"predecessor-version":[{"id":9226,"href":"https:\/\/flexiloans.com\/blog\/wp-json\/wp\/v2\/posts\/4179\/revisions\/9226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flexiloans.com\/blog\/wp-json\/wp\/v2\/media\/4181"}],"wp:attachment":[{"href":"https:\/\/flexiloans.com\/blog\/wp-json\/wp\/v2\/media?parent=4179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flexiloans.com\/blog\/wp-json\/wp\/v2\/categories?post=4179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flexiloans.com\/blog\/wp-json\/wp\/v2\/tags?post=4179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}