Check Bounce Rules in India Checks are used in almost all transactions such as repayment of loans, payment of salaries, bills, fees, etc. A lot of checks are processed and cleared by banks on a daily basis. For the purpose of obtaining proof of payment, checks are given. If you have been given a check by someone and you deposit it in the bank to cash it, then it is important that the issuer of the check has at least as much money as the check he has issued. If there is not enough money in his account, the bank dishonor a check. This is called check bounce. When the check bounces, a slip is also given from the bank. The reason for the check bounce is written in this slip. As a result of a check bounce case in India, a check bounce case under section 138 (1) of the Negotiable Instruments Act, 1881, makes a person liable for a check bounce case. If the drawer pays the check amount within 15 days from the date of receipt of the notice, the drawer commits no offense. If th
