India  |  Banking Law

Legal Question

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

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

1 Answer

Answered on: 10/14/13, 9:17 am by Fca Prashant Chavan


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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