Tag Archive for 'Dishonoured cheques'

5 reasons why cheques are turned down

From poor balance to mismatching signatures, here’s what you need to look out for in dishonoured cheques. 1) Insufficient funds: The cheque amount is more than the free balance available in the drawer’s bank account. 2) Irregular signature: The signature of the drawer on the cheque does not match the specimen signature available with the […]

What should a person do if he receives a Dishonored Cheque

• Notice should be issued to the payer within a month of the dishonor of the cheque. if it is not issued within a month then the cheque needs to be presented to the bank again and the notice can be issued after the cheque bounces. • After the notice, 15 days should be given […]