Search results
Feb 8, 2023 · 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.
Jul 12, 2024 · 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.
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.
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 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.
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.
May 2, 2024 · Cheque bounce is covered under section 138 of the Negotiable Instruments Act as a criminal offence, which provides the punishment for the return of a cheque by the bank after being presented for payment due to insufficient funds or for other reasons . The following information will act as a useful guide on cheque bounce case procedure:
