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Home > Videos > Cancel Cheque - How to Avoid Misuse of Cancelled Cheques | CNN News18 | Money Doctor Show | EP : 308

Cancel Cheque - How to Avoid Misuse of Cancelled Cheques | CNN News18 | Money Doctor Show | EP : 308

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You will be asked to provide a cancelled cheque in various cases like withdrawal of  EPF funds, setting up an Electronic Clearance Service from the account, applying for loans, and so on. A cancelled cheque is nothing but a cheque which has got strike marks on it along with the words ‘cancelled’ written. This cheque is proof that you hold an account with that bank. Even if the cancelled cheque is a cancelled cheque and it is just used for validating purpose it can still be misused by fraudsters. Watch this video to know how to avoid misuse of the cancelled cheque. 

 

 
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