In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is ...
ECS debits and cut-off timings often trigger unexpected cheque returns Technical errors cause bounces even without balance issues At face value, a cheque bounce seems simple. Insufficient funds, ...
In India, a bounced cheque can have an immensely negative impact on your overall integrity. It can also have serious legal and financial consequences. Now, given a single instance of a cheque bounce ...