If cheque got returned due to signature mismatch reason. Will Both the parties will be charged.. if

If cheque got returned due to signature mismatch reason. Will Both the parties will be charged.. if yes then why... If cheque got returned due to signature mismatch reason. Will Both the parties will be charged.. if yes then why...

 

Ek bhejne waale se to commission and postage charge lete

 

Baaki jisne Diya uspe kaun sa charge laga sakti bank

 

One party has given cheque to school for fees and chq got returned due to sign mismatch so the school account has been charged and customer is also being charged by canara bank..

 

But customer jisne Diya use Kyu charge kiya reason Kya h

 

Means jis customer ne cheque Diya use kisliye charge kiya

 

Bhad me jaye customer...hame apane mehantana se matlab hai kaam to dono bank ne Kiya hai na.....to dono charge lenge....no doubt

 

Cheque return charges in the account in which cheque was presnted

 

Aisa hi hota hai......Beacause manpower and resourcess time sab dono banko ka loss huwa......isiliye

 

Han bcz collecting bank apna kategi aur jis bank ka chq h wo apna kategi

 

Bro when the cheque got returned. The system automatically deducts charges from the account holder... sign agar thek tha to sign mismatch memo kaisa laga?

 

If a cheque bounces due to insufficient funds or any other technical reason, such as signature mismatch, both the defaulter and the payee are charged by their respective banks.The penalty charges for cheque outward return are close to Rs. 300 for most banks, while charges for cheque inward return are about Rs. 100.The penalty charges vary from one bank to another, and are different for different account types. Premium accounts usually have higher penalty charges.

 

It happen under Section 138 of the NI Act. Not sure ...act meney bi abi pda nahi

 

Yes definitely... drawer will be charged for making wrong signs... and endorsee will be charged for depositing that chq in his a/c although he may not be aware of actual signs of the drawer

 

Dono pe charge lagega. Ek pe postal and handling or ek pe cheque return chrgs

 

Both the parties will be charged the drawer for giving a such cheque and the payee for not getting a proper cheque from his party inward outward clearing handling charges will be debited to both the parties