Legal Question in Banking Law in India
Cheque Return Charges
If the drawing bank is closed when a cheque is presented, is the presenting bank correct in levying ''Cheque Returning Charges'' on the payee?
Asked on 4/12/07, 2:01 am
1 Answer from Attorneys
G. M. Gupta
gmguptaandassociates
Re: Cheque Return Charges
no
infact the banks are looting customers under such illegal charges.
Answered on 4/14/07, 1:33 pm
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