Advocate for Cheque Bounce Case

• July 04, 2023
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A dishonored check is one that the bank of the payee rejects. When there is insufficient money in the cheque issuer's bank account, checks frequently bounce. Banks frequently return checks for the following reasons: incorrect dates and payee information. Usually, banks charge fees for returned checks. By making purchases online, you can stop checks from bouncing. A check's validity in India is limited to 90 days from the date printed on it. In order for the bank to honor the check, the beneficiary must deposit the check within this time frame. Additionally, the bank has the right to return a check if the drawee enters the erroneous year. When the balances in the drawers' accounts are insufficient, checks frequently bounce. The bank imposes a cheque return penalty on both the cheque drawer and the payee in certain circumstances. In accordance with Section 138 of the Negotiable Instruments Act of 1881, recipients of bounced checks may bring legal action against check drawers.

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