Legal Question in Banking Law in India
Bounce cheque charges
Can Bounce cheque charges are applicable if the cheque amount is cleared with the same cheque no. after two days by second time present in bank? Also, Is there any limit of bounce cheque charges which enforceable by Bank from customer?
7 Answers from Attorneys
Re: Bounce cheque charges
The Bank may be justified in levying a charge at the time of cheque bouncing even if the cheque is cleared subsequently.
You may contact your bank for appropriate information. The amount may be insignificant for any legal steps. However, you may consider filing a complaint with the local Consumer Forum if there is any unreasonable charge by the Bank.
Re: Bounce cheque charges
depends on banking regulations and RBI rules.
Re: Bounce cheque charges
Yes, it is applicable. You can consult your bank to have more information.
Re: Bounce cheque charges
a bank charges on bounced cheques. There is no limit. If the charges are unreasonable, have the account with a bank which on prior enquiry charges the least.
Re: Bounce cheque charges
a bank charges on bounced cheques. There is no limit. If the charges are unreasonable, have the account with a bank which on prior enquiry charges the least.
Re: Bounce cheque charges
a bank charges on bounced cheques. There is no limit. If the charges are unreasonable, have the account with a bank which on prior enquiry charges the least.
Re: Bounce cheque charges
HELLO
GOOD AFTERNOON!
1. Yes the charges are applicable.
2. It depands from Bank to Bank.
In case of need please contact personally alongwith the details.
OR
FOR FURTHER QUERY PLEASE MAIL.
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