Legal Question in Banking Law in India

bounced a cheque

sir,my 5 cheque of 5000/-(Allahabad bank of india) are bounced.so what charges on me from bank & that person who recieve the cheques


Asked on 10/12/07, 5:33 am

2 Answers from Attorneys
Vijay Chandavale Advocate Vijay Chandavale & Associates

Re: bounced a cheque

As per your agreed terms you are required to pay the charges . The said charges are proportionately nominal . If exorbitent charges are levied you can challenge the same before Consumer Court

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Answered on 10/12/07, 11:22 am
G. M. Gupta gmguptaandassociates

Re: bounced a cheque

bank charges vary from bank to bank and the person concerned can take you to courts if you dint pay him the money even after receipt of the notice from him.

you are bound to give ONLY CHEQUE AMOUNT nothing else.

pay him the money when he sends notice to you.

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Answered on 10/13/07, 2:20 pm


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