Cheque Bounce Notice - Procedure, Punishment And Penalty

Leadindia0227 Oct, 2023Legal

A "bill of exchange" that is due upon demand is a cheque. The "drawer" is the person who issues the cheque, and the "drawee" is the person for whom the cheque is issued. Cheques are utilized in almost every transaction, including loan repayment, wage payments, bill payments, payment of fees, etc. Daily, banks process and clear the vast majority of checks.