Advocate for Cheque Bounce Case

• June 16, 2023
• 267 people
• Latest news
• Call Connect

A cheque is a bill of exchange that is drawn on a specific banker and is only payable on demand. Legally, the individual who issued the cheque is known as a "drawer," and the person in whose favor the cheque is issued is known as a "drawee." When a bank returns an unpaid cheque, it is said to be dishonoured or bounced. Cheques might bounce for a variety of reasons, including a lack of funds, among others. When a cheque bounces for the first time, the bank sends a 'cheque return memo' listing the reasons for non-payment. Cheque bounce is a common financial infraction in India that can have serious consequences for the issuer. The following are some of the consequences of a cheque bounce: Bank Penalty: If a cheque bounces owing to insufficient funds, a mismatched signature, or any of the other technical reasons stated in this article, the defaulter and payee are fined a penalty amount by their respective banks. This is typically an NSF fee, which occurs when there are insufficient money in the account and the bank decides to bounce the check. The amount of this cost is determined by the reason and kind of the cheque bounce, as well as the type of account.

For more details please contact us at +917065999638

• Lawyer for Cheque Bounce Case in Saket Court
• Lawyer for Cheque Bounce Case in Tis Hazari Court
• Lawyer for Cheque Bounce Case in Karkadooma Court
• Advocate for Cheque Bounce Case in Karkardooma Court