CHEQUE RETURN-REASONS
There are so many issues are faced by the user of Indian banks in which cheque return issues are seen most of the time and we can know what is the reason by selecting from the provided list of cheque return issues.
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Exceeds arrangement meaning for cheque bounce
Exceeds arrangement meaning is very important to know because it is a reason for cheque return or bounce. As per the dictionary exceeds arrangement means- ‘ą¤µą„ą¤Æą¤µą¤øą„ą¤„ą¤¾ ą¤øą„ ą¤ ą¤§ą¤æą¤ ā As…
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EXCEEDS ARRANGEMENT (2)- REASON OF CHEQUE RETURN
IN SIMPLE WORDS WE CAN UNDERSTAND THE WORD EXCEEDS ARRANGEMENT MEANS LESS OR NO FUND IN CHEQUE DRAWERāS BANK ACCOUNT TO GET CLEARING. BUT IN THIS CASE CHEQUE DRAWERS BANK…
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EFFECTS NOT CLEARED; PRESENT AGAIN (3)- REASON OF CHEQUE RETURN
IN SIMPLE WORDS WE CAN UNDERSTAND THE WORD EFFECTS NOT CLEARED; PRESENT AGAIN MEANS CHEQUES IN BANK ACCOUNTS ARE IN THE CLEARING CYCLE BUT FATE IS STILL UNKNOWN. ALSO, LESS…
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CHEQUE RETURN REASONS LIST IN BANKING
CHEQUE RETURN REASONS-IT CAN BE ASSUMED THAT 10% TO 15% OF THE CHEQUES GET RETURN IN CLEARING SYSTEM.
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Refer to Drawer (04-09) cheque return reasons
“Refer to Drawer” reason code no (04-09) will explain the exact reasons. First of all, we need to know all the reasons for the list of check return reasons. Refer…
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Bankers cheque-One thing you should know
Bankers Cheque-Normally, It is seen that a cheque issued by a person to someone is a normal cheque which can be identified as one type of cheque. but in some…
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Self-cheque details that you should know
Self-cheque-Normally, It is seen that some Cheque books issued by the bank are already having bearer cheques or order cheques. Because you will see a word written on the cheque…