What can I use instead of a Cancelled check?

Alternatives to a Voided Check

• A direct deposit authorization form.
• A voided counter check.
• A deposit slip with your banking information preprinted on it.
• A photocopy of a check or deposit slip for your account.

What if the name is not available on a Cancelled cheque Can I still withdraw my PF?

If you upload the cheque without your name then that results in PF rejection since your name is not verifiable here. Hence for this PF rejection reason, either upload a cheque with your name on it or upload the front page of your passbook.

Can we generate Cancelled cheque?

Step 1: Take a fresh cheque from your cheque leaf that you wish to cancel. Do not sign anywhere on the cheque. Step 2: Draw two parallel cross lines across the cheque. Step 3: Write “CANCELLED” between those two lines in capital letters.

What is a substitute check used for?

Substitute checks are copies of an original check which are accepted as legally valid by banks. They were made legal in 2003 by the Check 21 Act, and they are now commonly used for check-clearing purposes. Banks can use photos or photocopies of an original check in order to make a substitute.

Is it necessary to cancel Cancelled cheque PF?

Is a cancelled cheque required for PF withdrawal? Yes. Salaried individuals are generally required to submit a cancelled cheque when looking to withdraw money from their EPF accounts.

Is it mandatory to have name on cheque for PF withdrawal?

As per prevailing instructions it is mandatory to upload a cheque leaf containing the printed name of the member, or the first page of the bank Passbook or bank statement containing the name, account number and IFSC.

How Cancelled cheque can be misused?

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.

Can cheque be misused?

It is a criminal offence, covered under section 138 of the Negotiable Instruments Act. In case of a cheque bounce, the payee is eligible to resubmit the cheque within 3 months of the date of issue if he knows that it would not be dishonoured the next time.

Does Cancelled cheque need date?

Do not sign the cheque or mention date or write anything else on the cheque leaf. Although nobody can withdraw money from your account by presenting a cancelled cheque, however, it can used by wrong people for various minor and major frauds.