Legal Question in Banking Law in India

I had issued a cheque but by mistake i had done my new post-marriage signature on it and the receiver has also submitted the same in her bank. I realised it next day that i had done my post-marriage signature and went to my bank to get my pre-marriage signature updated to new signature in my bank account. Can you please how and when i will get to know when my cheque is either cleared or bounced? And what further corrective action i can take in this case.


Asked on 1/18/17, 3:45 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

20.01.2017

Dear Madam / Sir,

Without worrying whether your cheque gets cleared or is returned back uncleared by the Bank, you should complete your Know Your Customer (KYC) formalities with your Bank today.

Regards,

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Answered on 1/19/17, 9:28 pm


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