Overview of Cheque Bounce Notice

Cheques are negotiable instruments, which are payable on demand. When there is unsuccessful processing of cheque due to insufficient funds, incorrect amount or mismatch of signature, the cheque bounces.Most of the cheques bounces in India are due to insufficient funds. When the cheque bounces, the payee has to file a legal notice within 30 days of return memo from bank. After this, if the drawer makes the payment, there is no need to file the case. If he doesn’t make the payment then case has to be filed within 30 days.

Documents Required for Cheque Bounce Notice?

• Original cheque that has bounced • Copy of the legal notice to be sent to the drawer of the cheque asking for the money to be paid • Affidavit stating the preliminary evidence • Cheque return memo issued by bank

How To Register?

With basic identity documents, you can send your Cheque bounch Notice. We help you in four simple steps- Step 1:-Fill the form and attach the scan copy of your documents. Step 2:- Our team will verify all the information and documents provided by you. Step 3:- Then we will start the process after verifying the authenticity of the documents. Step 4:- Once your notice is send,our experts will intimate you.

FAQ’s On Cheque Bounce Notice

What is Cheque?

A signed document that instructs the bank or financial institution to pay the sum of money stated to the person or organization whose name is on the cheque.

What if you are Cheque get Dishonoured?

When a cheque is dishonored, the drawee bank immediately issues a ‘Cheque Return Memo’ to the banker of the payee mentioning the reason for non-payment.

What is Interim Payment?

It is given to a person/company anticipating a decision on the final payment of a bounced cheque.

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