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May 17, 2020 · Concept of Cheque bounce. A cheque bounce can occur due to various reasons such as inadequate balance, when the validity of the cheque has expired, in case of a torn cheque, overwriting in the cheque.
Feb 8, 2023 · Difference between intraday and delivery trading. In this blog, you'll learn more about what is Cheque Bounce, along with its meaning, charges, reasons, penalties, & cheque bounce new laws in India, at Upstox.
Did your Cheque Bounced? Know more about dishonoured cheques and ways in which you could avoid the penalty that comes with a bounced cheque. Get your doubts cleared now!
A cheque bounce is an offence under Section 138 of the Negotiable Instruments Act, 1881 (“Act”) punishable with a fine which can extend to twice the amount of the cheque or imprisonment for a term not more than two years or both.
Jul 31, 2019 · Dishonouring of cheques or cheque bounce is when a ‘Payee’, that is, the person who is to receive the payment via cheque, fails to meet with the requirement of the bank, that is, there isn’t sufficient funds in the bank or the amount mentioned in the cheque exceeds the amount of money present in the bank.
A cheque bounces due to several reasons like insufficient account balance, torn cheque, overwriting, expired validity of cheque etc. Read Cheque bounce charges, penalty, procedure and notice here.
Mar 28, 2024 · Dishonoured Cheque Meaning. When a bank refuses to process a cheque you have submitted, it is known as a dishonour of cheque. This rejection can occur for reasons such as insufficient balance in an account, a signature mismatch, or a post-dated cheque.
