Under these new rules, money will be deducted from the other account of the customers who issued the Cheque . Also, opening of new accounts can also be banned.
Very soon the Government of India can make changes in the rules of Cheque bounce. For which the Finance Ministry is also considering. The Central Government has also received many suggestions in this matter. The Finance Ministry is busy preparing to implement the new rule of Cheque bounce. Under these new rules, money will be deducted from the other account of the customers who issued the Cheque . Also, opening of new accounts can also be banned.
Recently, the industry body PHD Chamber of Commerce and Industry has requested the Finance Minister to impose a ban on withdrawal of money from the bank for a few days in the case of Cheque bounce and take action on other rules, in which the people who issued the Cheque were made accountable. Can go Recently, in view of the increasing cases of Cheque bounce, the Finance Ministry had called a necessary meeting, many such suggestions have come up during the meeting.
According to the report, the Central Government is deliberating on these suggestions and if all goes well then the government is also preparing to implement these new rules. Actually, there is an impact on the law system when a Cheque bounce happens. Therefore, preparations are on to introduce some legal rules even before the issuance of cheques. If these rules apply, then if a customer gives a Cheque and there is not enough money in his account, then the money will be deducted from the other bank account of the customer who issued the Cheque .
With the implementation of these rules, the cases of Cheque bounces will be reduced and the payer will have to make payment in any manner. Then there will be no need to take the matter to court. If sources are to be believed, after the legal opinion in the meeting, the government can also consider the suggestion of treating the Cheque bounce case as a loan default and reducing the credit score.
