Monday 31 August 2020

What punishment is there in case of check bounced by any bank

What punishment is there in case of check bounced by any bank


Many times it bounces when a check is given in the bank, there can be many reasons behind it.


For example, if the person who has given the check does not have balance in his account or has done wrong signature, the bank will be told that the check will be bounced.


Today we tell you how much fine the bank can charge us if the check bounces.


The bank fines when the check is bounced and the fees for check bounced varies from bank to person both from the penalty recipient and the issuer of the check.


Today we tell about these three banks, where the fine is charged when the check bounces.


state Bank of India.






HDFC bank.







ICICI Bank.







No comments:

Post a Comment