Cheque Bounce Notice Along With Draft

Cheque Bounce Notice Along With Draft

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What will happen if a Cheque bounces_
What will happen if a Cheque bounces_

CHEQUE BOUNCE NOTICE

What is Cheque Bounce Notice?

A cheque is said to be dishonoured or bounced when it is presented for payment to a bank but it is not paid by the bank because of some reason. It is necessary to send a legal notice within 30 days from the date of return (dishonour) of cheque asking the noticee to pay the amount within 15 days. On expiry of fifteen days from the service of notice, you have to file a complaint before the concerned magistrate within 1 month of the said expiry.

Benefit:-

  1. To get your money back.
  2. If you do not send the appropriate and accurate legal notice within prescribed time period then you will lose the right to institute the legal proceeding.

FAQ

  1. What is Cheque bounce?

A cheque is said to be dishonoured or bounced when it is presented for payment to a bank but it is not paid by the bank because of some reason. Reasons may be fraud, insufficient funds, crossed cheque, mistake on the cheque etc. Our https://www.paydayloansnow.co.uk/payday/direct/no-brokers/ values your privacy. We use advanced encryption technology to protect your information.

  1. Where Complaint should be filed?

The Complaint under Section 138 of the NI Act should be filed in the jurisdictional Magistrate Court within whose territorial jurisdiction the Bank/branch in which the payee/holder hold an account is located.

  1. What is the punishment for offence of Cheque bounce?

Cheque bounce is a criminal offence punishable with imprisonment for a term upto two years or with a fine twice the amount of the cheque or both.

  1. I want to avail this service, what should I do?

Don’t worry, just fill the above mentioned details & contact the professionals of Aapkaconsultant.com and we will guide you with the complete process.

If you want to get drafted the Cheque Bounce notice, then Click here

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