Hi Friends,
A post-dated cheque was inadvertantly presented to the bank by the payee before its due date. The cheque in-turn was presented to clearing house and was returned back to the issuer's bank without being honoured. Consequently the cheque issuer's bank has deducted a sum of Rs.75 from the issuer's account for issuing an invalid cheque. Is this proper? Can the bank treat the cheque as dishonoured and deduct service charges in this case?
CAclubindia
