Banking

How to send cheque bounce notice

To send a cheque bounce notice in India, follow these steps:
  • Obtain the original Cheque Return Memo from your bank stating the reason for dishonor.
  • Draft a formal demand notice under Section 138 of the Negotiable Instruments Act, 1881.
  • Include the cheque number, date, amount, and a clear demand for payment within 15 days.
  • Dispatch the notice via Registered Post Acknowledgment Due (RPAD) within 30 days of receiving the return memo to ensure valid legal proof for potential court proceedings.

Related Questions