Legal Question in Banking Law in India
i have an account in hdfc bank. I issued a cheque yesterday and it bounced due to insufficient balance. now can i use the previous cheque or do i need to issue a new one?
Asked on 1/29/11, 5:12 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
If now you have sufficient funds to honour your cheque, ask the holder to present the cheque or issue him a new cheque in lieu of the bounced cheque, clearly mentioning that the new cheque is issued in substitution of bounced cheque.
Answered on 1/29/11, 5:42 pm
Related Questions & Answers
-
My parents borrowed x amount form one person and they given the cheque for the same... Asked 1/29/11, 3:56 am in India Banking Law
-
Sir i had issued a cheque to a person of 75,000 but my cheque get bounced and he... Asked 1/28/11, 5:08 am in India Banking Law
-
I am from UP. My father kept residential house (registered in the name of my mother... Asked 1/28/11, 2:07 am in India Banking Law
-
Some one has taken a personal loan without any guarantor. In case of his demise who... Asked 1/27/11, 9:08 pm in India Banking Law
-
Can a vacant non-agricultural land be mortgaged to a bank to take loan in the State... Asked 1/27/11, 8:44 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
