Under negotiable instrument act
This query is : Resolved
14 August 2024
I received a cheque from post office of nsc maturity drawn on sbi I deposited the cheque in my saving account in pnb the cheque got bounced for reason code 42 paper not received
What is the resolution for this how can I encash the cheque
What is the resolution for this how can I encash the cheque
15 August 2024
Collect the bounced cheque and report it to the post master for its resolution.
15 August 2024
As the cheque was returned with code 42 "paper not received ", is it the bank's duty to resend it on physical form?
15 August 2024
Yes, your bank will deliver it by post/courier.
26 August 2024
Good luck.
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