Legal Question in Banking Law in India
Cheque bounce
What is cheque bounce ?
7 Answers from Attorneys
Re: Cheque bounce
whenever any cheque is issued to you , you present it and it is dishonoured . The said act of dishonouring is called bouncing of cheque . Simly it is return of cheque for some reason like no sufficient funds for disposal are there in drawers account
Re: Cheque bounce
Cheque bounce is dishonourment of payment. For e.g. if you draw a cheque to some one and if you dont have enough balance in your bank account and the amount stands unrealised that cheque is called cheque bounce.
Re: Cheque bounce
When a cheque is dishonoured by the bank for want of funds in the drawer's account it is called cheque bounce. For further assistance visit http://rajendran.parameswaran.googlepages.com/home
Re: Cheque bounce
If you issue a cheque to some person and he puts it in his bank and if for some reason the bank dishonour the cheque means does not clear the same it means cheque bouncing.
Re: Cheque bounce
Cheque bouncing means dishonouring or return of cheque when deposited for any reason like insufficiency of ammount or any other reason.
Re: Cheque bounce
When your cheque amount is more than your account balance then your cheque will be dishonour.It means cheque bounce.
Re: Cheque bounce
if cheque is not paid on deposit it is called bouncing of cheque
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