Closes account before cheque due date can we file bounce case
30-Jan-2023 (In Banking / Finance Law)
I just wanted to Know What If Somebody Closes Their Before The bank account beforeCheque Due Date. Can We File Cheque Bounce Case
1. Yes banker would return the cheque with the memo stating Account closed / Insufficient balance.
2. In case, if you receive the memo on the above grounds then you may file case under negotiable instrument act.
3. As cheque got 3 months validity period, Bank account holder can revive the bank account again and the same cheque can be re-deposited.
2. In case, if you receive the memo on the above grounds then you may file case under negotiable instrument act.
3. As cheque got 3 months validity period, Bank account holder can revive the bank account again and the same cheque can be re-deposited.
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