What if cheque returned insufficient funds Karachi?
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The cheque I had written back in February got returned with the reason that its balance was insufficient. I have written a letter to the bank to settle the matter. Unfortunately, it took nearly two months to do so. In the meantime, I was forced to seek help of legal experts in Karachi. I have mentioned the details of the cheque, and I have also informed the bank’s authorities about the same. In the end, I got an opportunity to contact a prominent law firm in Karachi, which handles Family Law cases, to assist me
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Cheques are a common means of exchange between individuals for financial transactions, including payments for goods and services, tuition fees, etc. When it comes to personal loans, a cheque is considered to be the most convenient way of repayment. It is the primary means of transferring monetary value from one party to another through a payment system. In Pakistan, cheques are accepted in most of the banks as a method of transferring money from one bank account to another. However, there are cases where the banks stop sending cheques. In such cases
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In early April 2021, in a local newspaper there was a news article about a woman, Shabana, a single mother, who lived in Karachi. She was planning to visit her husband in India, and she used a cheque as a form of payment. However, after submitting the money, her husband wrote a cheque in his name with only 20 rupees to it. The bank returned it because the amount insufficient. Shabana’s husband became furious and said he was going to report her and take all her belong
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I have not faced such an unpleasant experience, but many of my friends and colleagues have experienced it. The bank returned a cheque of Rs 100,000, but when the recipient tried to withdraw money, the bank informed that the amount was not enough, and the cheque was insufficient. The incident happened on Tuesday at a bank located in Karachi. We had already given the cheque to the receiver, and he tried to withdraw the amount, but the bank denied the request due to insufficient funds.
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In the old days of the past, cheques and drafts were the preferred mode of payment for financial transactions. With the advent of digital transactions, however, cheque and draft become redundant. In 2018, a bank’s cheque book was shut down. The reason was the unparalleled number of fake and frivolous cheques piling up in the bank’s branches. According to a report published by the World Bank, in 2016, a new category called ‘fake and frivolous’ che
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I was 15 years old when a school friend got back a cheque for a thousand rupees. We spent the money right away. As the days went by, I saw the cheque had gone over due date. My friend had to deposit the cheque every 2 days. I asked him how he would pay off the remaining balance. He explained that if the cheque was returned, the bank would keep waiting for me to pay them the amount. I could only imagine the pain my friend went through. How would the bank be able to withdraw their interest on the
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[Your name] [Your position] [Company] [Headquarter] [Your Phone Number] [Email Address] [The city where I am situated] I am here to assist you with all legal requirements in Karachi. With my personal experience in this area, I am confident that I can provide an accurate representation for your legal needs in Karachi. I’ve been practicing law in Karachi for the past 5 years and have worked on various cases regarding cheque bounce and financial disputes. best female lawyer in karachi As a