I corrected a cheque and the recepient presented it to his bank, neither of us knowing this was not valid. His bank seems to have sent the cheque to my bank, which rejected it and chared me Rs. 246/-. but his bank also charged him Rs. 250/- I do not understand why his bank forwarded the cheque to mine at all, thus slapping penalties on both of us. 2. the cheque amount was Rs. 746/- . Is there any standard fixed charge [250?] or is it dependent on amount? This seems too high. Should bank clients not get periodic reminders of transaction charges that are current? Padmini

I corrected a cheque and the recepient presented it to his bank, neither of us knowing this was not valid. His bank seems to have sent the cheque to my bank, which rejected it and chared me Rs. 246/-. but his bank also charged him Rs. 250/-
I do not understand why his bank forwarded the cheque to mine at all, thus slapping penalties on both of us. 2. the cheque amount was Rs. 746/- . Is there any standard fixed charge [250?] or is it dependent on amount? This seems too high.

Should bank clients not get periodic reminders of transaction charges that are current?

Padmini more

Helpful Connected Consumers Mar 10

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UDAY GB

Basically "Accepting the Cheque" itself is FIRST WRONG. Presenting it is SECOND WRONG - as Bank/s are NOT Supposed to accept the same, leave aside presenting it. Banks are well aware about the Rules and regulations, though customer may under impression of benefit (Chalata Hai) presented the same. You can write to your Banker for NOT CHARGING the charges. If refused, you can file Consumer Complaint before the consumer forum. Needless to state this also attract the Time, money, efforts and petitions. If you can afford. more

Jul 25

S K Virmani (S.K.Virmani (Consumer Empowerment))

@ Shri Satya Pal Ratti ji, Sir no cutting or overwriting is allowed on the cheque even if it bears the signature. The presenting bank does not see if there is any cutting or overwriting on the cheque. Now a days most of the cheques are sent for clearing through scanning either at the time of deposit of the cheque by the consumer itself at the cheque deposit machine or by the clerk at the bank. That is the reason even if the person has not signed on the cheque, the cheque is getting presented at the bank for clearing. It is also a fact that both banks i.e presenting as well as presented levy charges for returning of the uncleared cheque. Depending upon the bank, some banks do not charge cheque returning fee for stated number of cheques in their policy. I have my own reservation whether you would be able to get any relief from the consumer forum unless there is a deficiency attributed to the bank operation. more

Jul 25

G. C. Mathur (Convenor-Trustee, Binty (A Voluntary Consumer Organisation), New Delhi)

I am sorry for this late response. I would suggest the complainant to file a case with the Banking Ombudsman of the region. It is a fit case for punishing the account holders bank for accepting it originally, and the penalty should be recovered from the concerned bank employee for the negligence. more

Jul 25

Gopabandhu Mohapatra

Reserve Bank has already notified that correction is not allowed in cheques. The receiving bank should not have presented the cheque in clearing. more

May 08

Satya Pal Ratti

Cannot read the 59 comments. My take on this is: If the correction was endorsed by your signatures, the cheque should remain valid. Advisable to state complete facts before asking for redressal suggestions from members. It's just like filing a case in court. more

Apr 10

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