Cheques Dishonor In India – Types, Remedies More

The Negotiable Instruments Act defines cheques and outlines dishonor provisions in India. Cheques include bearer, order, crossed, and post-dated types. Dishonor reasons: non-acceptance, non-payment, insufficient funds. Crossing adds security, but dishonor can still occur. DDs differ in issuance, security, and cost. Prevent dishonor by maintaining balance, verifying details, caution with post-dated cheques, and informing the bank. Reasons for dishonor include NSF, account closure, crossed cheque rejection, account freeze, technical errors, and incomplete details. Charges include penalty and returned cheque fees. Liability rests with the drawer. FAQs cover cheque characteristics, dishonor, and banker's cheque validity. Contact M&M Law Partners for legal assistance.