Legal Action in case of a Cheque Bounce The steps for the legal course are as follows: Issuing Cheque Bounce Notice Check Return Notice Format: The payee must issue the notice to the defaulter within 30 days of the cheque’s dishonor by post, registered or speed, acknowledgement due. The ...
Branch address with IFSC code printed top of the cheque Date in dd/mm/yyyy format with boxes Printers name with CTS-2010 in left side of cheque A pantograph which shows VOID/COPY while taking photocopy of the cheque below the account number New rupee symbol instead of bilingual format “Plea...
In many transactions cheque is not usually accepted when the people ( drawer and payee) are unknown, then there is a risk that cheque may bounce. So, in such cases,Demand draft or DDis accepted where the transfer of money is guaranteed. The Demand Draft is a way of payment wherein the...