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Purchasing a property that can be a house, flat or just a piece of land is probably one of the biggest decisions you make in your life and it’s not just for you but the millions of families in the country which can be challenging both mentally and financially. The decision we make has huge impacts on us and our future and thus is advised to make them with the best available knowledge beforehand.    For most of the cases, people can pull off such high-value purchases with the help of a lender i.e. a bank through home loans. While there is a limit to the amount which can be borrowed, a person does prepare an estimated amount that might be required through this whole process and then arrange the amount with the loaned money and his/her savings. This is where a lot of people make a small error of judgment that is not taking stamp duty and registration into consideration. Though there is common knowledge available about these terms but one should have brief knowledge as they are an...

To simply put into words a cancel cheque is a type of cheque which has “Cancelled” written on in with two parallel lines run across its top and bottom. This cheque is not a special type of cheque it just carries all the valid information that any other normal cheque would do that is it will have your name, account number, IFSC code, MICR code, name of the bank and branch to which the cheque belongs. All this information is carried across all your cheques as you use it to write an order to the bank to provide you or someone else who has that cheque with the certain of money that is specified on the cheque. Thus, a cheque becomes a very useful entity that can be misused if not handled with proper care and that’s where a Canceled cheque may come in handy as you can share all this personal information to anyone without worrying about the misuse of the check.  How does that work and how many other ways through which a canceled cheque may come is use will be the focus of this artic...