Check Rules: These 5 mistakes while taking or giving a check will cost you dearly, you can go to jail

Check Bounce: If you also find it easy to transact through cheque, then it is important for you to know about some rules related to it. Sometimes ignoring the rules or even a small mistake can cost you dearly. A small mistake can send you to jail for up to 2 years. The rules related to checks keep changing from time to time.

One thing has to be kept in mind while making payment by cheque. That means there is sufficient amount in the account linked to the cheque. If the amount written in the check is not in your account then it can get bounced and bounced check is a very dangerous situation.

Keep these things in mind while transacting through cheque.

If you transact through cheque, then you should especially remember these 5 things.

• You must fill in the details on your check correctly. For example, close the amount with a (/-) sign after writing the amount in figures and only after writing the entire amount in words. This reduces the possibility of your check being fake.
• Mention the type of check clearly. Be it account payee check or bearer cheque. What date is written on it? This information should be clear on the cheque.
• Not only this, you should also sign the check properly, so that it does not bounce. The signature on the check must match the bank's records. If necessary, signatures should be placed on the reverse side of the cheque, to make it easier for the bank official to match.
• The check should be written with such a pen that the information cannot be erased. If you do not do this then you may become a victim of fraud. The most important thing is that you start accepting only pretend checks.
• Before issuing a cheque, ensure that there is sufficient balance in your account. If this does not happen, your check will bounce and in case the check bounces, you may also be fined. Also you can be jailed for up to 2 years.

Rajkumar Santoshi sentenced to jail

Recently, famous director Rajkumar Santoshi, who made powerful films like 'Ghayal' and 'Damini', has been sentenced to 2 years in jail by the Jamnagar court in a check bounce case. Rajkumar Santoshi had bounced 10 checks one after the other, which he had given to Jamnagar industrialist Ashok Lal. These were 10 checks of Rs 10 lakh each and all the checks of Rs 1 crore had bounced. After this, court action took place and as per the order of the court, Rajkumar Santoshi was sentenced to 2 years in jail and the other party was asked to pay double the amount i.e. about Rs 2 crore.