10 Reasons to Cancel a Cheque

Cheque is important document. If any one will get it from you, it means, he or she has to take money from you. With your signed cheque will get the right to get the payment from your bank account. But sometime, you need to cancel a cheque. Do, you know its main reasons. If not, know through this content.

Important : You can cancel your cheque by crossed two lines and writing cancelled on the cheque or bank can cancel on your behalf. After this, it will be useless. 

1. If you do not want to Pay through Cheque

If you know that the person who is getting payment through your cheque is cheating with you. You can stop payment before its payment is done by Bank.

2. If your cheque has stolen any where

If your cheque or cheque book has stolen anywhere. You must cancel it fastly. Just report to bank about this and request to cancel one or all your cheques.

3. If your bank Detail is verifying by Online Payment Gateway Providing Company

If you want to get online payment gateway, you need to give cancelled cheque to online payment gateway providing company.

4. Sending Cancelled Cheque for giving KYC detail to Mutual Fund Companies

Some time mutual companies may need your cancelled cheques for your bank detail verification.

5. For Getting Loan on the Basis of EMI

If you want loan from bank on the basis of EMI, bank will need your cancelled cheque.

6. For Opening DMAT Account

Sometime, you need to give your cancelled cheque for opening your DMAT Account

7. For Getting EPF Fund

If you want to withdraw your EPF fund, Employees Provident Fund Organisation will take your cancelled cheque for its record.

8. For ECS

If you want to deduct your money for payment of bills or other payments through ECS, you need to give your cancelled cheque to bank.

9. For New Banking Opening Time

It is also your id proof. Bank can demand your other bank's cancelled cheque.

10. For New Insurance Policy

Sometime, Insurance company can demand of your cancelled cheque for its record purpose. 






access account accountant Accounting accounting definitions accounting ebook Accounting education accounting procedure accounting process outsourcing Accounting Software advance advertising africa Amalgamation amendments announcements Annuity assets audit auditing Australia B.Com. balance sheet bank Bank reconciliation banking basic accounting BBA benefits best bill black money blog bloggers book keeping bookkeeping Branch Accounting - full tutorial budget Budget variance business businessman CA calculator canada capital capital budgeting career cash cash book cash flow statement Chiense children china class coaching coins college commerce commerce students company computer computer accounting conference Contact vinod kumar Control Your Spending corporate accounting cost cost accounting cost center cost centre CPA credit credit card cs currency data Debit and credit debit cards debt debtor degree depletion depreciation Diwali Messages documents dollar domain Downloads Dubai e-accounting earning education Education Loans email employee EPF ERP euromoney examination excel excise duty expenses facebook factor of loan fans feature fifo FII fiji finacle finance Financial financial accounting fire insurance flickr flow forensic forex formula france fraud free fun function fund GAAP GDP gdr germany gold goodwill goodwill accounting google google apps Google Adsense google apps google base google buzz google calendar Google docs google finance google fusion tables google talk govt. GST guide health Hindi Hindi Language history holding company How to treat FBT in Tally 9 HRA ICAI ICAWI ICICI Bank IFRS income income statement Income Tax India indian railway Indonesia inflation inflation accounting infographics information inspiration insurance insurance accounting Intangible interest international Internet Introduction of Tally 9 inventory investment investment in Shares invoice IT Japan Job costing journal entries Journal Entries eBook Help Kalculate keyboard kindle kuwait laptop law LBT learning lease lecture ledger leducation Leverage Analysis liabilities lifo linkedin loan logical point loss loss of profit M.Com. m.phil malaysia management accounting manual accounting manufacturing account market marketing mastercard material MBA MCA media migration mobile money ms word ms. excel multi currency in tally 9 Multicurrency Accounting mutual fund national security new and sacrifice ratio new york times new zealand news NGO nonprofit-accounting North Georgia Mountains NPV NSE odbc office oman online application online accounting Online Accounting Course otcei pakistan parents Partnership pay pal pdf Personal Finance pie chart pie chart of income pnb podcast ppf presentation price privacy policy prize money prof. vinod kumar profit profit and loss account project management provision purchase puzzles quickbooks Quote quotes quotes of svtuition rating agency ratio analysis RBI readers real estate rectification of errors remote control reports reserves responsibility accounting retirement revenue Revenue reserves review risk rupees salary sale saudi arabia saving sbi scholarship school SEBI security service tax share share trading Shares shri lanka singapore sms social accounting society solution South Africa stock stock exchange structure student students study subsidiary company svtuition swiss bank tally tally 9 Tally 7.2 Tally 9 Tally.ERP 9 tanzania tax Tax Accounting TDS teacher teaching technology test testimonial testimonials thailand tips trading trading on equity transaction trend trial balance truthfulness tuition twitter UAE UGC - NET Commerce UK United Arab Emirates university usa valuation VAT Video Voucher and vouching Wealth wikipedia working capital youtube
Accounting Education: 10 Reasons to Cancel a Cheque
10 Reasons to Cancel a Cheque
Accounting Education
Not found any lecture VIEW ALL Continue reading Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at vinod@svtuition.org for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock