exceeds arrangement meaning for cheque return reason
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- ‘व्यवस्था से अधिक ’
As a reason for cheque bounce, the meaning of ‘exceeds arrangement’ is a situation when the customer can utilize the limit of overdraft or cash credit facility as and when he finds that the funds owned by him in his account had been utilized already.
And he can not utilize over the permitted limit.
It means that over or above his funds, the customer can utilize the credit limit permitted to him.
In case the credit limit is fully utilized and there is no possibility of honoring the cheque on account of the non-availability of the credit limit then the cheque is being returned with the reason – ‘exceeds arrangement’.
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चेक बाउंस के एक कारण के रूप में, व्यवस्था से अधिक होने का अर्थ ‘एक ऐसी स्थिति है जब ग्राहक ओवरड्राफ्ट या कैश क्रेडिट सुविधा की सीमा का उपयोग कर सकता है और जब वह पाता है कि उसके खाते में उसके पास मौजूद धन पहले से ही उपयोग किया जा चुका है।
और वह अनुमत सीमा से अधिक उपयोग नहीं कर सकता है।
इसका अर्थ है कि अपने फंड से अधिक या उससे अधिक, ग्राहक उसे दी गई क्रेडिट सीमा का उपयोग कर सकता है।
यदि क्रेडिट सीमा पूरी तरह से उपयोग की जाती है और क्रेडिट सीमा की अनुपलब्धता के कारण चेक को सम्मानित करने की कोई संभावना नहीं है, तो चेक को इस कारण के साथ लौटा दिया जाता है – ‘व्यवस्था से अधिक है।
चेक बाऊन्स करण्याच्या कारणास्तव, ‘ओव्हरड्राफ्ट’ किंवा रोख पत सुविधेची मर्यादा ग्राहक जेव्हा त्याच्या खात्यात असलेली मालकीची रक्कम आधीपासून वापरली गेली असेल तेव्हा ग्राहक वापर करू शकेल अशी परिस्थिती आहे.
आणि परवानगी दिलेल्या मर्यादेपेक्षा तो वापरु शकत नाही.
याचा अर्थ असा की त्याच्या निधीपेक्षा जास्त किंवा जास्त ग्राहक त्याला परवानगी असलेल्या क्रेडिट मर्यादेचा उपयोग करू शकतात.
जर क्रेडिट मर्यादा पूर्णपणे वापरली गेली असेल आणि क्रेडिट मर्यादा न मिळाल्यामुळे धनादेशाचा सन्मान होण्याची शक्यता नसेल तर धनादेश परत कारणास्तव परत केला जाईल – ‘व्यवस्थेपेक्षा जास्त.
காசோலை பவுன்ஸ் செய்வதற்கான ஒரு காரணியாக, அதிகப்படியான ஏற்பாட்டின் பொருள் ‘வாடிக்கையாளர் ஓவர் டிராஃப்ட் அல்லது ரொக்க கடன் வசதியின் வரம்பைப் பயன்படுத்திக் கொள்ளும் சூழ்நிலை மற்றும் அவரது கணக்கில் அவருக்குச் சொந்தமான நிதி ஏற்கனவே பயன்படுத்தப்பட்டிருப்பதைக் கண்டறிந்தால்.
அனுமதிக்கப்பட்ட வரம்பை அவர் பயன்படுத்த முடியாது.
இதன் பொருள், அவரது நிதிக்கு மேல் அல்லது அதற்கு மேல், வாடிக்கையாளர் தனக்கு அனுமதிக்கப்பட்ட கடன் வரம்பைப் பயன்படுத்தலாம்.
கடன் வரம்பு முழுமையாகப் பயன்படுத்தப்பட்டு, கடன் வரம்பு கிடைக்காத காரணத்தால் காசோலையை க oring ரவிப்பதற்கான சாத்தியம் இல்லை என்றால், காசோலை காரணத்துடன் திருப்பித் தரப்படுகிறது – ‘ஏற்பாட்டை மீறுகிறது.
ચેક બાઉન્સના કારણોસર, એરેન્જમેન્ટની ગોઠવણીનો અર્થ ‘એવી પરિસ્થિતિ છે જ્યારે ગ્રાહક ઓવરડ્રાફટ અથવા રોકડ ક્રેડિટ સુવિધાની મર્યાદાનો ઉપયોગ કરી શકે છે અને જ્યારે તેને લાગે છે કે તેના ખાતામાં તેમની માલિકીની ભંડોળનો ઉપયોગ પહેલાથી થઈ ચૂક્યો હતો.
અને તે પરવાનગી મર્યાદા ઉપર ઉપયોગ કરી શકતો નથી.
તેનો અર્થ એ છે કે તેના ભંડોળ ઉપર અથવા તેનાથી ઉપર, ગ્રાહક તેને આપવામાં આવતી ક્રેડિટ મર્યાદાનો ઉપયોગ કરી શકે છે.
જો ક્રેડિટ મર્યાદાનો સંપૂર્ણ ઉપયોગ કરવામાં આવે અને ક્રેડિટ લિમિટની ઉપલબ્ધતા ન હોવાને કારણે ચેકને સન્માન આપવાની સંભાવના ન હોય તો ચેકને કારણ સાથે પાછા આપવામાં આવે છે – ‘ગોઠવણીથી વધી ગઈ છે.
Some formal actions should be taken when you get your deposited cheque bounced for a specific reason that exceeds arrangement.
In this case, we should think that we want to recover our money from the debtor (drawer) but not a possible cause of reason (fund insufficient or exceeds arrangement)
So we need to do this before presenting that cheque to the bank:
Yes, you can take legal action if the cheque gets bounced with exceeds arrangement.
You should first inform the person that his/her cheque has been bounced whatever the reason the bank gives.
After that, if the issuer is still not paying, you can go to a lawyer, and the lawyer will issue him a legal notice and inform him that his cheque has been dishonored giving him 15 days to pay it or a criminal case will be filed against him.
The legal notice is to be sent by a registered post so that it will be explicit that he has got the notice and is still at fault.
After sending the legal notice one has to wait for 15 days and then after that period he will have to file the suit within the next 30 days.
A summary suit can be filed against the cheque issuer, and you will have to present original copies of the cheque before the court.
After the registration of the case, a summon will be sent to him and the court will put a charge upon him if he denies that then the court will ask the defendant to present his defense.
If you win then the cheque issuer will be punished with double the amount he owed along with the cost of litigation and 2 years of Imprisonment.
After you have the Banker’s memo stating the reason for the dishonor of the cheque (could be because of insufficient funds, payment stopped, exceeds arrangement, etc.) you should notify the drawer of the cheque to make good the payment of the amount.
If upon subsequent presentation of the cheque to the bank the cheque is still not honourer you shall have to send a legal notice to the drawer within 30 days from the date of dishonor of the cheque.
If the cheque is still not honored within 15 days of the expiry of 30 days you can proceed to file a criminal complaint under section 138 of the Negotiable Instruments Act. by the source of Yashveer Singh Yadav law graduate
Bankers return the cheques on account of various reasons which is available in a list of cheque return reasons with numbers and the most seen reasons are-
When the balance available in a savings deposit or current deposit account is less than the amount of the cheque, the cheques are returned to the customers with the reason – “Insufficient funds”
In the case of overdraft or cash credit account, in case the limit is not sufficient to cover the amount of the cheque, the bankers return the cheques with the reasons – “Exceeds arrangement”
Sometimes the signature of the drawer on the cheque may not match the specimen signature lodged with the bank and in such cases, the cheque is returned with the reason – “Drawer’s signature differs”.
The validity period of the cheque is three months and when the date of presentation of the cheque is beyond three months from the date of the cheque, the cheque is returned with the reason – “Stale cheque”
When the date of presentation of the cheque is even one day earlier than the date of the cheque, the banker returns the cheque with the reason – “Post-dated cheque”
Normally alterations are not permitted on the face of the cheque. However, the drawer can authenticate the alteration if any, on the face of the cheque using additional signatures confirming the alterations made by him in the case of alterations done on the name of the payee, amount written in words, and/or in figures, etc.
In the cases mentioned above where there are no authentications by the drawer for the alteration/s made on the cheque, the cheques are returned for the following reasons – “Alterations on the cheque require authentication by the drawer”
In the case of the orders from a court or government thereby freezing the account of the customer, the banker dishonors the cheque presented by any customer/his representative/payee of the cheque, with the reasons – “Account is frozen as per court/government orders”
In case the cheque is found to be damaged on account of oil, water, ink, or fire or some portion of the cheque is found to be missing, the cheque is returned with the reason – “Mutilated cheque”
This type of remark is used when the drawer is granted an overdraft or cash credit if the cheque is presented when the cash credit or overdraft limit is exceeded and there is no drawing power meaning that the security margin of pledged goods does not justify.
Further overdrawing on the account is not able to allow.
Exceeds arrangement is an issue that arises when an account holder seeks to make a purchase or clear a check that their account cannot cover with the funds available.
Insufficient funds may lead to penalties that are triggered by payment processing networks when they seek to obtain funds from a cardholder’s issuing bank.
For an example (exceeds arrangement)
A (drawer) issued a cheque of 20000 Rs in favor of B (drawee) for a date of 31.03.2024. A presents that cheque in the bank to get clearance but after presenting that cheque he gets that cheque clear in the bank statement in the morning and the evening cheque bounces with a reason (exceeds arrangement). In this case, b will see two entries of credit and debit of 20000 Rs in his bank account statement.