Cheque Return

Querist : Anonymous (Querist) 04 April 2011 This query is : Resolved
I presented a cheque in my bank and after 2 days they returned it to me with the statement saying CREDIT ENTRY IS NOT POSSIBLE. According to bank I have not sufficient balance in my a/c so amount can not be credited in my a/c while the drawer had sufficient balance in his a/c. Can I take legal action against the bank?

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Devajyoti Barman (Expert) 04 April 2011
The Bank has done a wrong thing. File complaint against it under Consumer Protection Act.

Jitendar Kumar gupta (Expert) 04 April 2011
this is deficiency of service of your bank. writ a complaint to your bank as well as a copy to the RBI and i hope the bank shall entertain the cheque again.
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R.Ramachandran (Expert) 04 April 2011
The Bankers'Standard Form of Return Memo does not contain any such entry. As such, I have my own doubts about what the querist says.

Chanchal Nag Chowdhury (Expert) 04 April 2011
Perfect case before the Consumer Forum.

Rajeev kulshreshtha (Expert) 04 April 2011
Agree With the Experts

Querist : Anonymous (Querist) 04 April 2011
Thanks to all of you for assistance.

Querist : Anonymous (Querist) 04 April 2011
Mr. R.Ramachandran you are right but in Return Memo final entry is Other reason and which CREDIT ENTRY IS NOT POSSIBLE was written. kindly suggest me what to do??

DEFENSE ADVOCATE.-firmaction@g (Expert) 10 April 2011
There may be some thing wrong elsewhere since such situation do not occur.
Balance or no balance bank can not deny credit entry.

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