Penalty on cheque dishonour

Is penalty applicable on dishonour cheque?what is the rate of penalty in such cases.
Arvind kumar
varanasi
Replies (3)
Quick Summary
A dishonoured cheque can indeed incur penalties. The specific rate for such penalties can be obtained by contacting your bank branch. Furthermore, dishonouring a cheque can lead to criminal liability under Section 138 of the Negotiable Instruments Act (NI Act).

Yes, penalty applicable is for dishonour of cheque, for latest rate you Can contact to your Bank branch.
It also attract indian penal code for criminal liability
Yes Section 138 of NI Act,

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