if cheque is bounced what to do | |
If a cheque is bounced in India, the payee (the person who was supposed to receive the payment) should take prompt and appropriate action to protect their legal rights. First, obtain a cheque return memo from the bank, which specifies the reason for the dishonour, such as insufficient funds or signature mismatch. Next, the payee must issue a legal notice to the drawer (the person who issued the cheque) within 30 days from the date of receiving the return memo. | |
Related Link: Click here to visit item owner's website (0 hit) | |
Target State: All States Target City : Chandigarh Last Update : Apr 07, 2025 6:04 AM Number of Views: 23 | Item Owner : NRI Legal Contact Email: Contact Phone: 07428899979 |
Friendly reminder: Click here to read some tips. |