Cheque Bounce

byPaytm Editorial TeamLast Updated: September 10, 2025

Meaning

Cheque Bounce occurs when a bank refuses to honor a cheque due to insufficient funds, signature mismatch, or other issues.

Importance

  • It is a legal issue under the Negotiable Instruments Act.
  • Leads to penalties for the account holder.
  • Alerts the receiver that the payment has failed.

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