2025 CHEQUE Bounce New RBI Rules Anounced
2025 CHEQUE Bounce New Rules
RBI (Reserve Bank of India) has announced new CHEQUE Bounce rules for the year 2025.
2025 CHEQUE Bounce New Rules
- Banks should nform the user within 24 hours through SMS or email if your cheque bounce occurs.
2. If the cheque bounces more than three times in the same bank account, the bank account will be frozen.
3. Repeated cheque bounces will be monitored by the RBI.
4. Cheque bounce charges of all banks will be charged at the same level.
Cheque bounce cases should be resolved quickly, first briefly and if necessary, the banks should be investigated and resolved in detail.
5. Account blocking, providing false information or wrongly signing the cheque will be punishable by imprisonment for 6 to 2 years or fine.
6. Victims of cheque bounce cases should take legal action within 30 days.
7. The Reserve Bank of India has imposed new norms such as: Cheque Bounce Cases should be resolved expeditiously and within a maximum period of 3 month
2025 CHEQUE Bounce New RBI Rules Anounced
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