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Is there any amount limit to mention in saving bank cheque
09-Oct-2023 (In Cheque Bounce Law)
Have got saving account, one cheque with me from an individual name for the amount of 5lakhs he owes to me to my firm for the item purchased. Now he reluctant to return /provide amount. Is there any amount limit for s. b account cheque to produce to court. My financial and transaction records are perfect.
Hi
Theirs no limit for s.b account in cheque, but you have to prove that the cheque is given for legal discharge of liability/debt to the court and you have enough balance of good sold to him with invoice, delivery challan or any acknowledgement of having delivered or collected goods/material of invoice.
Theirs no limit for s.b account in cheque, but you have to prove that the cheque is given for legal discharge of liability/debt to the court and you have enough balance of good sold to him with invoice, delivery challan or any acknowledgement of having delivered or collected goods/material of invoice.
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Adv. Nagendra Prasad
Bangalore | 100+ Answers
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Dear Sir/ Mam, there in no limit to mention any amount in savings bank account, it is your account hence you have each and every right to withdraw the money in savings account. you will withdraw entire amount in your account at once, but maintain minimum balance as for the rules of the bank. it is yours or any body else, if the sufficient amount is not there then it will bounced, and it is an offence.
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Adv. Ravichandra Reddy
Bangalore | 25+ Answers
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