INSUBCONTINENT EXCLUSIVE:
Charges towards a cheque bounce vary from one bank to another.Cheque Bounce or dishonour of cheque occurs when a cheque that is presented in
the bank cannot be processed for one reason or another
It happens when the account holder has non-sufficient funds (NSF) in the bank account or if the signatures on the cheque do not match with
the original signature of the cheque issuer
HDFC Bank vary depending on factors such as the reason and nature of cheque bounce.State Bank of India (SBI):SBI cheque bounce charges, as
mentioned on the bank's website - sbi.co.in:Cheque/bill deposited with the bank returned unpaid by others (Local/ Outstation)Cheque/bill up
to Rs 1.00 lakhRs 150/- + GSTCheque/bill above Rs 1.00 lakhRs 250/- + GSTCheque Returned Charges for Cheques drawn on us (for insufficient
cheque bounce charges, as mentioned on the bank's website - icicibank.comCheque ReturnsLocal cheque deposited by customerRs.100 for every
cheque return for financial reasonsCheque issued by customerRs.350 for one cheque return per month; Thereafter, Rs.750 per return in the
same month for financial reasons Rs.50 for non-financial reasons except for signature verificationTransfer cheque returns will be charged at
BankHDFC cheque bounce charges, as mentioned on the bank's website - hdfcbank.com:Cheque return charges drawn on us - LocalDue to
insufficient fundsFirst cheque return in a quarter - Rs 350From second cheque return in the same quarter - Rs 750 per returnCharges due to
funds transfer cheque return - Rs 350Due to technical reasons - Rs 50/-(ex
- Alteration not allowed, Amount in Word / Figures Required, Cheque Altered - Refer to Drawer, etc.)Cheques deposited returned unpaidCharge
cheques - Rs 200No Charge through PhoneBanking and NetBankingCheque bounce charges levied by banks are subject to GST or Goods and Services
However, a bounced cheque can be redeposited.
