A cheque bounce is a violation of Section 138 of the Negotiable Instruments Act, 1881 ("Act"), which carries a fine of up to double the value of the cheque, or a sentence of up to two years in jail, or both. The cheque is said to have bounced when the payee delivers it to the bank for payment and it is returned unpaid by the bank with a notation indicating insufficient funds. A cheque bounce can happen for a variety of reasons, but it is an infraction under the Act if the cheque fails due to insufficient money in the drawer's account. For more details please contact us! 8872117333
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