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Notice For Dishonor Of Cheque

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Document Description

This notice is sent by the Payee(person receiving money) to the Drawer(person writing the cheque) in case cheque issued to him has bounced. It is necessary to issue it if the payee wants to give a chance to the drawer for repaying the money. The notice has to be sent within 30 days from the date of receiving "Cheque bounce Memo" from the bank. The notice should also specify the cheque amount that has to be paid to the payee within 15 days from the date of receiving of notice by the drawer.


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