Cheque Dishonour

Cheque Dishonour

Cheque is renowned instrument used to make safe and easy payment in a bank account. It can be transferred by mere hand delivery. It is a written document which contains varied important things including address to the banker, amount of money in words and numbers, sign of the account holder means the authorized person of the cheque book. Each of the information is necessary for the safe and proper transfer of money. It is less risky to carry and the danger of loss is minimized. There are diverse kinds of cheques used for different purposes. It has become the easiest and safest way to carry or transfer money in nowadays insecure times. To cheat people or defraud them, sometimes the drawer issues the cheque on the name of the receiver without having sufficient amount of money in their account, due to which the drawer’s cheque get bounce and he/she has to pay penalty for the same. This practice is known as Cheque dishonour. To punish such cheaters or fraud people, the government has prescribed legal action against it. Section 138, The Negotiable Instruments Act 1881 is anticipated to prevent dishonesty on the part of the drawer as it is a criminal offense . The professionals have requisite experience according to which they handle the cases and get it resolved quickly. So, people who are facing any problem regarding dishonor of cheques can consult the expert and knowledgeable professionals for right assistance at cost effective prices.