The Charges Penalty Under Cheque Bounce
Cheques are considered as the easy, safe, and common way to conduct financial transactions such as payment of fees, bills, salary, etc. and the repayment of the loan. In the case of cheque payment, the individual who has the bank account and who writes or draws the cheque is known as Drawer, and Drawee is his bank, while the individual to whom the money is made payable is known as Payee....