Tag: banking rules

Cheque Bounce: How much penalty is charged if the cheque bounces?

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Cheque Bounce: How much penalty is charged if the cheque bounces?

Cheque Bounce Rules: We all definitely get to hear about cheques. Those who do banking work are well aware of cheques and also know that online mode and UPI etc. are the modern means of money transactions, but the work of withdrawing money through cheques has been going on for years. However, one thing that people know a little less is that if the cheque bounces or gets rejected, then people have to pay a penalty and it can also affect their CIBIL history. There is even a provision for…

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Whether money can be withdrawn from deceased person ATM card know what the law says

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Whether money can be withdrawn from deceased person ATM card know what the law says

ATM Card Rules: Nowadays everyone opens an account in the bank. Along with opening a bank account, it also provides many other things. Which contains passbook, check book and ATM card. People often need all these three things. The check can be given to anyone to withdraw money from the account. To give it, the account holder does not need to go to the bank. The person to whom the check has been given goes himself and gets it cashed from the bank. But with the ATM card, the account…

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