Here's How Much Key Banks Charge In Case Of A Cheque Bounce

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. When there are insufficient funds in an account, and a bank decides to bounce a check, it charges the account holder an NSF fee. Cheque bounce charges vary from one bank to another. .Cheque bounce charges stipulated by leading banks such as State Bank of India, ICICI Bank and HDFC Bank vary depending on factors such as the reason and nature of cheque bounce..Given below are charges levied by SBI, 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:.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table, thead, tbody, th, td, tr { font-size: 14px; } table th { padding: 4px; } table td { padding: 4px; } table th:nth-child(1), table td:nth-child(1), } } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Cheque/bill deposited with the bank returned unpaid by others (Local/ Outstation) Cheque/bill up to Rs 1.00 lakh Rs 150/- + GST Cheque/bill above Rs 1.00 lakh Rs 250/- + GST Cheque Returned Charges for Cheques drawn on us (for insufficient funds only) For all customers Rs 500/- + GST, irrespective of the amount Cheque returned charges for Cheques drawn on us (for technical reasons) for all customers. (Not to be charged where customer is not at fault as per RBI guidelines) Rs 150/- + GST .ICICI Bank:.ICICI Bank cheque bounce charges, as mentioned on the bank's website - icicibank.com.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table, thead, tbody, th, td, tr { font-size: 14px; } table th { padding: 4px; } table td { padding: 4px; } table th:nth-child(1), table td:nth-child(1), } } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Cheque Returns Local cheque deposited by customer Rs.100 for every cheque return for financial reasons Cheque issued by customer Rs.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 verification Transfer cheque returns will be charged at Rs. 350 per return for financial reasons Outstation cheque deposited by customer Rs.150 plus other bank charges at actuals per cheque .HDFC Bank.HDFC cheque bounce charges, as mentioned on the bank's website - hdfcbank.com:.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table, thead, tbody, th, td, tr { font-size: 14px; } table th { padding: 4px; } table td { padding: 4px; } table th:nth-child(1), table td:nth-child(1), } } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Cheque return charges drawn on us - Local Due to insufficient funds First cheque return in a quarter - Rs 350 From second cheque return in the same quarter - Rs 750 per return Charges due to funds transfer cheque return - Rs 350 Due to technical reasons - Rs 50/- (ex. - Alteration not allowed, Amount in Word / Figures Required, Cheque Altered - Refer to Drawer, etc.) Cheques deposited returned unpaid Charge of Rs 100 per instance Stop payment charges (request from customer not to honor cheque issued) at Branches Particular cheque - Rs 100 Range of cheques - Rs 200 No Charge through PhoneBanking and NetBanking .Cheque bounce charges levied by banks are subject to GST or Goods and Services Tax. However, a bounced cheque can be redeposited.

Here's How Much Key Banks Charge In Case Of A Cheque Bounce

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