Reasons for dishonouring of cheques
April 9th, 2013 by CHEQUEMAN
1. Signature not matched.
2. Overwriting in cheques
3. Presented in bank after completion of 3 months.
4. Account is closed.
5. Insufficient funds in the account.
6. Payment is stopped by the account holder.
7. Opening Balance is insufficient.
8. Amount written in words and figures differ.
9. In case of a Company, The company seal is missing.
10. Account number does not match.
11. In case of joint account, only one holder signs whereas both the holders’ signature is required.
12. On the death, insanity or insolvency of the customer.
13. In case of crossed or altered or doubtful cheques.