Cheque bounced: the steps and time limits
The usual time limits in a Section 138 case. Dates matter, so act early.
- Present the cheque in time
A cheque is valid for three months from its date. Present it to the bank within that period.
- The bank returns it
If the cheque bounces, the bank gives a return memo stating the reason.
- Send a legal notice
The notice demanding payment must be sent within 30 days of receiving the return memo.
- Wait for 15 days
The person who issued the cheque has 15 days from receiving the notice to pay.
- File the complaint
If payment is not made, the complaint must be filed within one month after those 15 days end.
General information only. Time limits and requirements depend on the facts of your case. Speak to an advocate before acting.