Legal Question in Banking Law in India

is insufficient fund and effects not clear both are same ?In case of funds under clearing shall I return mark as insufficient fund?

Asked on 10/11/13, 1:26 am

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP
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YES, they mean one and the same. If there are insufficient funds to honour the cheque, you should return the cheque with the remarks "Insufficient funds; refer to drawer".


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Answered on 10/14/13, 9:17 am

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