चेक बाउंस (Cheque Bounce) का क्या मतलब होता है?

Information about check bounce

One method of exchanging money is cheque , through this the amount is deducted from the account of the person giving the check or cash is provided to the account of the concerned person. Due to this, one does not have to carry cash to buy any item. is. Negotiable Instruments (Amendment) Bill has been passed in the Lok Sabha to protect the credibility of the banks and to increase the confidence of the common people in the banks, information about which is very important for you, otherwise you may be punished or fined, read this page. But what is the meaning of check bounce , new rules of check bounce and penalty are being explained. 

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What does check bounce mean?

When you give money to someone, you cut a check on your bank account  and give it to that person, so that he can get this money from the bank, he can get this money within three months. When that person goes to the bank and wants to get money by depositing that cheque, at that time if there is not enough money in your account, then the bank considers it as a bounced check and refuses to give the money, this is called check. bounce. (Check Bounce), bouncing a check is a punishable offence. If a check bounces, that person can take legal action against you, due to which you can be punished or fined.

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New Rules of Check Bounce

Parliament has made a law for check bounce, under which a provision has been made that in case of check bounce, the aggrieved person can file an appeal in the court. The court can direct the account holder to immediately give 20 percent of the amount to the complainant. After this, if the court acquits the account holder, then the complainant will have to return the compensation amount along with interest. It is mandatory for the person issuing the check to compensate the person within 60 days.

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Penalty

If the amount of money is large, then relaxation is given to deposit it in two instalments. After the period of 60 days, an additional 30 days grace period is provided. If the accused does not obtain relief from the trial court, the case is sent to the appellate court. Here the accused will have to pay 20 percent more of the total amount. Along with this, a provision of 20 percent penalty has been made on the person issuing the cheque. The court can increase the penalty amount up to 100 percent. This new provision has been added to increase the credibility of the cheque.

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Here we have provided information about check bounce, if you have any question in your mind related to this information, or want to get any other information related to it, then through the comment box. You can ask, we are waiting for your feedback and suggestions.

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