What Should Be Done If The Cheque Bounces So That Your Money Cannot Be Killed, How Much Punishment And Fine Can Be There

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Posted on 24-06-2021 by Admin


What Should Be Done If The Cheque Bounces So That Your Money Cannot Be Killed, How Much Punishment And Fine Can Be There

From whom you want to take your money, if you give a cheque to the bank, then you give that cheque to withdraw money in the bank, then after 2 days you know that the check has bounced, then you have to pay your money. sorry for not getting money

If you bank cheque bounces then you can sue the bank cheque payer and you can take all your money. If the check bounces, you eat dishonour. cheque bounce dishonour refers to that cheque when you deposit in the bank to get cash from the bank, then the bank does not give money to you due to less amount in the account.

File a cheque bounce case in civil court What should be done in case of cheque bounce so that your money can not be killed How much punishment and fine can be

 When a bank check bounces, then the bank gives a slip in which the reason for the check bounce is given. Now within a month, the issuer of the check has to send a legal notice, in this it is written that your check has bounced, now he should give the amount of the check to him within 15 days.

If he pays that money in 15 days, then the matter gets resolved here. Otherwise, file a case in a civil court Sue If the issuer of the check refuses to pay the money or does not respond to the legal notice, then you can file a case in the civil court under section 138 of the Negotiable Instruments Act 1881. Under this, the accused can be punished with both imprisonment of 2 years and fine. The amount of the fine can be up to twice the amount of the cheque.

why cheque bounce

Insufficient funds in the payer's bank account

signature mismatch

Account number mismatch

Issue with date of check

mismatch of amount in words and numbers

torn check

exceeding the overdraft limit

Scrambling, overwriting or mistake on check without authorization (signature) of payer

check expiration date


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