What is the use of cancelled cheque in opening an trading account ?? :confused:
V Vineet19 New Member Aug 6, 2014 #1 Aug 6, 2014 #1 What is the use of cancelled cheque in opening an trading account ??
N nithxp Active Member Aug 6, 2014 #2 Aug 6, 2014 #2 Vineet19 said: What is the use of cancelled cheque in opening an trading account ?? Click to expand... These are used to link ur bank acc to ur trading account....i.e they need micr code n all other info to link.
Vineet19 said: What is the use of cancelled cheque in opening an trading account ?? Click to expand... These are used to link ur bank acc to ur trading account....i.e they need micr code n all other info to link.
B bschandran New Member Aug 6, 2014 #3 Aug 6, 2014 #3 Exactly - to link your bank account to your trading account. Not used for anything else.
V Vineet19 New Member Aug 6, 2014 #4 Aug 6, 2014 #4 Thank you guys.. But they get the bank statement of previous 6 months and also we fill all the details in the trading form even...
Thank you guys.. But they get the bank statement of previous 6 months and also we fill all the details in the trading form even...
P Pawan062 New Member Aug 7, 2014 #5 Aug 7, 2014 #5 Uts mainly used to update IFSC code.... However the details you fill in form can incur any mistakes also, but a cancelled cheque will contain exact MICR no, Acc no. , and IFSC Code.... :thumb:
Uts mainly used to update IFSC code.... However the details you fill in form can incur any mistakes also, but a cancelled cheque will contain exact MICR no, Acc no. , and IFSC Code.... :thumb:
R Rahulraghav New Member Aug 7, 2014 #6 Aug 7, 2014 #6 Bhai these are the guidelines issued by NSE/BSE...... You cant do anything out of it....
M mastermind007 Well-Known Member Aug 7, 2014 #7 Aug 7, 2014 #7 Vineet19 said: What is the use of cancelled cheque in opening an trading account ?? Click to expand... It underscores your permission to receiver that latter has your permission to electronically access your bank account multiple times.
Vineet19 said: What is the use of cancelled cheque in opening an trading account ?? Click to expand... It underscores your permission to receiver that latter has your permission to electronically access your bank account multiple times.
market oracle Active Member Aug 10, 2014 #8 Aug 10, 2014 #8 Is there any specific reason you are hesitant about submitting a "cancelled Cheque"? You're feeling unsafe.
Is there any specific reason you are hesitant about submitting a "cancelled Cheque"? You're feeling unsafe.
P Pawan062 New Member Aug 11, 2014 #9 Aug 11, 2014 #9 market oracle said: Is there any specific reason you are hesitant about submitting a "cancelled Cheque"? You're feeling unsafe. Click to expand... No no, Not hesitant... I actually have 2 bank accounts and I have to order chequebooks for opening a trading/ Demat account..
market oracle said: Is there any specific reason you are hesitant about submitting a "cancelled Cheque"? You're feeling unsafe. Click to expand... No no, Not hesitant... I actually have 2 bank accounts and I have to order chequebooks for opening a trading/ Demat account..
P Pawan062 New Member Aug 19, 2014 #10 Aug 19, 2014 #10 PTrader2 said: can i provide a xerox copy of cheque and cancelled it? Click to expand... Yes, you can also provide a xerox copy of the cheque. However cancelled should be mentioned in across the cheque. :thumb:
PTrader2 said: can i provide a xerox copy of cheque and cancelled it? Click to expand... Yes, you can also provide a xerox copy of the cheque. However cancelled should be mentioned in across the cheque. :thumb: