Legal Question in Banking Law in India

dear sir,

if cheque is return due to insufficient balance ,what is charges of bank, becoz icic bank taken charges more its legal

pls advice


Asked on 8/28/15, 11:01 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

29.08.2015

Dear Sir / Madam,

Cheque Return Charges of ICICI Bank :

Local cheque deposited by customer Rs.100 for every cheque return for financial reasons

Cheque issued by customer Rs.350 for one cheque return per month; Thereafter, Rs.750 per return in the same month for financial reasons Rs.50 for non-financial reasons except for signature verification

Outstation cheque deposited by customer Rs.150 plus other bank charges at actuals per cheque.

Please refer the following link :

http://www.icicibank.com/service-charges/common-service-charges.page

Regards,

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Answered on 8/29/15, 3:59 am


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