The stringent law for check bounce across the country will be implemented from September 2018. The finance ministry has introduced the circular in this regard. Now if the check bounces, the applicant will have to deposit 20% on immediate basis. If the wrong case is proved then the applicant will also be given the amount of interest.
Check bounce laws will be strengthened to strengthen the economy and maintain trust in the business business. Two new articles will be added to this law. Now the credibility and credibility of the check will increase. The Negotiation Instruments (Research) Bill 2018 has passed through the Rajya Sabha in July. The bill has already been approved by the Lok Sabha.
Under this bill, the defendant of a check bounce will have to pay 20% of the amount to the internal compensation in the court. The bribe of a check-bounce complaint in the bill is a punishment for two years. Be careful when booking checks so that check bounce is not possible. The date on which you write a check is valid for 3 months from your check. Carefully fill the month, year and date A small mistake can return your check.
Carefully check the signature while checking the check. The account holder should try that check your account number and mobile number on the back of the check. That is because if your bank has any kind of conflicts in your check, he will call you and get his information.
If you give a check on the name of a person or organization, then definitely drag two lines to the left of the check. The proof of this is that the amount written on the check deposited in the account can not be given to cash to the check carrier.
The form that you fill in the check is in two parts. Keep your sleep-safe after depositing the check because it is the only single document in case your check is lost, which is your checkdress.
Check bounce laws will be strengthened to strengthen the economy and maintain trust in the business business. Two new articles will be added to this law. Now the credibility and credibility of the check will increase. The Negotiation Instruments (Research) Bill 2018 has passed through the Rajya Sabha in July. The bill has already been approved by the Lok Sabha.
Under this bill, the defendant of a check bounce will have to pay 20% of the amount to the internal compensation in the court. The bribe of a check-bounce complaint in the bill is a punishment for two years. Be careful when booking checks so that check bounce is not possible. The date on which you write a check is valid for 3 months from your check. Carefully fill the month, year and date A small mistake can return your check.
Carefully check the signature while checking the check. The account holder should try that check your account number and mobile number on the back of the check. That is because if your bank has any kind of conflicts in your check, he will call you and get his information.
If you give a check on the name of a person or organization, then definitely drag two lines to the left of the check. The proof of this is that the amount written on the check deposited in the account can not be given to cash to the check carrier.
The form that you fill in the check is in two parts. Keep your sleep-safe after depositing the check because it is the only single document in case your check is lost, which is your checkdress.
