Bank of India cheque bounce charges is when a cheque is returned due to insufficient funds or other reasons. I have shared the charges here with you. Cheques can be bounced due to financial, non financial, and technical reasons.
What are the BOI Cheque Bounce Charges?
If a cheque is bounced due to insufficient funds, Bank of India levies a fee of:
Rs 300 up to Rs 1 lakh.
Rs 500 for amounts between Rs 1 lakh to Rs 1 cr.
Rs 2500 for an amount above Rs 1 cr.
For technical reasons, the fee charged by the bank is Rs 150 per cheque.
If the check returned unpaid, the charges are as follows:
For an amount up to Rs 1 lakh, it is Rs 100.
For an amount above Rs 1 lakh, it is 200 per instrument.
These are the Bank of India cheque bounce charges. Hope this information helps!
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What is the Bank of India Cheque Bounce Charges?
tanya
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2024-10-09T06:36:43+00:00 2024-10-09T06:36:44+00:00Comment
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