#Cheque Processing Times

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कॅन्सल चेक म्हणजे काय? त्याचा नेमका उपयोग काय? जाणून घेण्यासाठी व्हिडिओ पूर्ण बघा... #LokmatMoney #cancelcheque #cheque #didyouknow #bank #watchnow #reel

This myth of “bouncing the cheque three times” probably spread because of a mix of old banking practices, strategy, and confusion about the law: Old habit of giving chances: In practice, when a cheque bounced, banks would return it with remarks like “insufficient funds” or “refer to drawer”. Many people (especially in business) felt it was polite or practical to present the cheque again, in case funds were deposited later. This was often done two or three times before giving up. Over time, this practice turned into a belief that it was a legal requirement. Strategy for settlement: Sometimes the payee would intentionally present the cheque multiple times to put pressure on the drawer and encourage them to pay, instead of going to court immediately. Since many disputes got settled this way, people assumed that “three times” was the legal threshold before filing a case. Confusion with other legal procedures: In some older business circles, there was a belief that courts look more favorably if you’ve given the drawer multiple chances to pay. This was never a rule in law, but more of a misconception that got repeated. Word-of-mouth legal advice: Since many small traders rely on informal advice rather than lawyers, the “3 times bounce” myth kept spreading, and became a kind of “folk law.” In reality, even a single bounce is enough, as long as the notice and complaint procedure is properly followed. DISCLAIMER: The information provided in this post/video/article is for general educational purposes only and does not constitute legal advice. While efforts are made to ensure accuracy, the law is constantly evolving, and individual circumstances vary. For specific legal advice, please consult a qualified advocate. The views expressed here are personal and do not create any advocate-client relationship.

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The social security checks you see me open are the ones I’m the representative payee for 🤏🏽. Other payments are ran through my quickbooks or cash payments #SocialProof

This Video is About cheque bounce when the drawer’s account has been closed that when a cheque is returned unpaid by a Bank with an endorsement ‘Account Closed’, it would amount to ‘dishonour of cheque’ and constitute the commission of an offence under section 138 of the Negotiable Instruments Act. It has been held in Nepc Micon Limited And Others vs Magma Leasing Limited on 29 April, 1999 by SC and reiterated by Allahabad HC in: Jatan Kumar Singh vs State of U.P. And Anr. . . **You can contact us on 7007123351** ***About Adv. Amrita Verma:- Amrita Verma Is a practicing Advocate at Supreme Court and High Court(Delhi/Chandigarh/Allahabad)*** ****She has been Interviewed on Various Platforms such as …CNBC News 18, Hindustan times Media, Red FM ….at such a young age being a First Generation Advocate.**** . . . . #amritaverma #delhilawyer #supremecourt #chequebounce #138niact

Check Writing Advisory starting July 1, 2025 The implementation of PCHC Memo Circular No. 3821 has been extended to July 1, 2025. Make sure you have follow the correct format as checks with incorrect writing formats will be rejected for deposit or clearing. #fintok #checks #pchc

🚨 India’s Cheque Bounce Rules JUST GOT TOUGHER in 2026! 💥 Double fines up to 2x cheque amount, faster court action, frozen accounts for repeat offenders, & immediate bank alerts via SMS. No more excuses—use UPI/NEFT or face jail! Plan payments carefully or go digital NOW. What does this mean for YOU? Ensure balance, double-check signatures, & switch to safe digital payments. Cheques are still legally binding under Section 138 NI Act—don’t risk it![linkedin +1] Save this Reel & share with business owners! 👇 Comment if you’ve faced a bounce scare. #ChequeBounce #ChequeBounce2026 #NewRules2026 #Section138 #NIACT FinancialTipsIndia TaxAwareness GSTIndia BusinessTips LegalUpdate FinanceReels IndiaBusiness DigitalPayments UPIIndia FinanceLiteracy

Incase you are not receiving your payment from your Customer or Client then do this and send a formal communication letter to them instead of legal notice to recover your payment #financeby_ca #finance #incometax #incometax #payment #dues #recoveryispossible #recovery #paymentrecovery #paymentsolutions #gst #gstreturns #smallbusinessowner