Cheque Presenting in Bank by Finance Company
Querist :
Anonymous
(Querist) 18 December 2009
This query is : Resolved
Dear Sirs,
I got a car financed by a finance company and they got my post dated cheques {i:e 15th} of every month and promised me the cheque will be deposited on 15th of every month and on next day {i:e 16th}. In meantime I used arrange funds and deposit it in my bank on 16th of every month. But except two instalments the other cheque given by me started coming to my bank on 15th it self and got returned.My finance Company now is Charging for Cheque Bounce Charges and other extra Charges.As well my Reputation in my bank is also got spoiled.
Please give Solution and advice whether I can go to Consumer Court or High Court for my Mental agony
adv. rajeev ( rajoo )
(Expert) 19 December 2009
No you cannot go to the consumer or high court.
charging for cheque bounce and other extra charges may be conditions of your loan agreement, please verify your loan agreement, if these conditions are not their then take legal action against the bank
Querist :
Anonymous
(Querist) 19 December 2009
I got a car financed by a finance company and they got my post dated cheques {i:e 15th} of every month and promised me the cheque will be deposited on 15th and cheque will come to my bank of every month and on next day {i:e 16th}. In meantime I used arrange funds and deposit it in my bank on 16th of every month. But except two instalments the other cheque given by me started coming to my bank on 15th it self and got returned.My finance Company now is Charging for Cheque Bounce Charges and other extra Charges.As well my Reputation in my bank is also got spoiled.
Please give Solution and advice whether I can go to Consumer Court or High Court for my Mental agony
How come a crossed cheque will coming by bank on the same day?Instead comin on 16th it come for clearence on 15th itself. If I present a cheque in by bank it takes one or two day for clearance.
