Before talking about the cheque bounce charges, you must know what cheque bounce is all about. Usually, banks issue cheques to their customers so that they can make payments. The bank account users issue these cheques to the clients to whom they owe some charges. Filling up the cheques is very crucial so that the banks accept the cheques and make the payment. The whole process is smooth. However, the banks dishonor the cheques and refuse payment in case the account does not have an adequate amount left in account.
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It is the responsibility of the customers to maintain an adequate balance in the account so that the receiver of the cheques can get the payment. If it does not happen and the cheques get rejected, then the payee faces the case of cheque bounce and they would need to pay for the cheque bounce charges. Normally, the law allows the receivers of the money to file a case against the payee. The proceedings are complete only after the payee completes the payment process and pays for the cheque bounce charges.
Cheque Bounce Charges in India
Dishonor of payment cheques is a financial crime that may penalize the payee who was supposed to make the payment. The cheque bounce charges closely depend on the involvement of technical glitches. If this does not happen in a favorable manner, then both the payee and drawer need to tolerate the bank cheque bounce penalty.
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In the opinion of the best and most successful cheque bounce lawyers, the cheque bounce charges vary. The banks decide the charges depending on the relationship of the customer with the banks. However, the payee of the bounced cheques can even get imprisonment of up to 2 years. If you have encountered such a situation, then you should do well to contact and hire the best among all the successful and knowledgeable cheque bounce lawyers. Here, you should do well to reach and hire the facilities that are available with a top-rated law firm that has an exceptional lawyer.
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