Charges Levied By Top Banks In Case Of A 'Cheque Bounce'

Most banks in the country levy certain charges from their customers in case a cheque bounce occurs. Cheque bounce is a 'dishonour of cheque' that 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. When there are insufficient funds in an account, and a bank decides to bounce a check, it charges the account holder an NSF fee. The charges towards a cheque bounce vary from one bank to another, depending on factors such as the reason and nature of cheque bounce. 

Most banks in the country levy certain charges from their customers in case a cheque bounce occurs. Cheque bounce is a 'dishonour of cheque' that 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. When there are insufficient funds in an account, and a bank decides to bounce a check, it charges the account holder an NSF fee. The charges towards a cheque bounce vary from one bank to another, depending on factors such as the reason and nature of cheque bounce. 

Here are the charges levied by State Bank of India, ICICI Bank and HDFC Bank in case of a cheque bounce:

State Bank of India (SBI):

SBI cheque bounce charges, as mentioned on the bank's website - sbi.co.in:

ICICI Bank:

ICICI Bank cheque bounce charges, as mentioned on the bank's website - icicibank.com

HDFC Bank

HDFC cheque bounce charges, as mentioned on the bank's website - hdfcbank.com:

If a cheque bounce occurs due to insufficient funds or signature mismatch, both the defaulter and the payee are charged by their individual banks. However, a bounced cheque can be redeposited.