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Wrongly dishonoring the instrument by BOI


24-Jun-2023 (In Cheque Bounce Law)
I had sufficient balance in my account, however, the bank dishonored the instrument, thereafter, there is a big hue and cry amongst themselves for blame fixation on each other departments. How do I claim for compensation on the defamation for this wrongful deed of theirs, since, I am being continuously threatened by the payee for the dishonor. The cheque value was INR 5 lacs. Regards
Answers (1)

Answer #1
716 votes
You can file a consumer complaints on the bank seeking compensation towards the loss caused.

Further you can also file a claim case against the bank in the civil court for the compensation.

You can also approach banking ambudsman with your case for actions against the officials of the bank.
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