Legal Question in Banking Law in India

Re: Fraudent Demand Draft

In such cases your liability can only arise if you have knowingly banked a fake draft. Please keep complete record from where you got the check and why. In India we have seen people get Judicial Custody if the investigating officer names you as one of the accused. Though in the long run you will be acquitted short term trouble can not be ruled out.

Re: Fraudent Demand Draft

Considering your question, it is possible that the DD was genuine and you are unncessary being panic on 'hear say' , except you have come to know fact that the DD was fake. Since you are direct beneficiiary from the said DD you need to keep all your evidence ready like service agreement with your client, invoice, confirmation by cleint, their comunication sending DD etc. to prove your innocenc, in any case you are nowhere be implicated into case if you have all evidence and your client is 'not absconded' , legally you may have to shell out money once it proves that this is part of forgery case but you have to save yourself from criminal proceedings