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kumaresan (Branch manager)     26 May 2012

Cheque bounce by bank

dear team,

 

i have issued a cheque to one of my cutomers on date 5/05/2012  but the customer deposited the cheque on 4/05/2012 in UTI bank and it got bounced the same day from my bank and i was charged 300 for cheque bounce

 

is it leagal to bounce a cheque before the date beacause of this the customer got angry and i lost a huge business

 

how can i proceed here when i approached my bank they said sorry its our mistake we will refund the 300 but still i lost one good customer



Learning

 2 Replies

Prasun Chandra Das (Banker)     26 May 2012

The bank is correct in returning the chq on 4.5.12, if the chq was dated 5.5.12. It is absolutely legal. Wondering why the bank said sorry to you and why it shall refund the Rs.300!!

kumaresan (Branch manager)     28 May 2012

how come its leagal i dont understand

 

i issued cheque on 5th only because i will be getting th fund on 4th and the same happened

the cheque got bounced on 4th 12 o clock and my amount got credited at 2o clock

thats why i issued cheque on 5th if it had bounced even at 12.01 am on 5th its ok but how come the cheque bounced 24hr earlier the date


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