Legal Question in Constitutional Law in India
Cheque Bounce Fine
I had deposited a cheque for crediting into my account which bounced due to insufficient funds in the drawee--name removed--account. I am recovering the amount from him, however, the bank has applied a fine of 112 Rs. in my account for depositing the cheque? Are they allowed to do that? Am I liable to pay it?
Asked on 6/07/07, 7:36 am
1 Answer from Attorneys
Vivek Mapara
Mapara Law Firm
Re: Cheque Bounce Fine
Yes bank is entitled to recover the chargez.
Answered on 6/08/07, 2:27 am
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