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Cheque Dishonour Archive

Impact & Penalties of Cheque Dishonour or Cheque Bounce?

Cheque Dishonour
Cheque Dishonour or Bouncing is a criminal offence in India. The Section 138, Negotiable Instruments Act, 1881, in regard to dishonor of cheque attracts criminal liability. Impact of Cheque Dishonour: First of all, bank will charge a penalty for your cheque …
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