Dishonour/Bouncing of Cheques – RBI Guidelines
August 8th, 2014 by CHEQUEMAN
In case of frequent dishonor of cheques, RBI has issued following procedure for the banks to follow: 1. Â In case of dishonor of cheques for the third time on a particular account of the drawer for a particular financial year, bank should issue “cautionary advice” to the account holder. 2. Â If it continues for […]