Cheque Dishonour

Parveen Kr. Aggarwal (Querist) 10 January 2010 This query is : Resolved
When a bank returns a cheque dishonoured for the reason "Title of Accounts required", what the bank actually means?

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Raj Kumar Makkad (Expert) 10 January 2010
The account number of the drawer of the cheque is not mentioned on the cheque.

Parveen Kr. Aggarwal (Querist) 10 January 2010
But the account number is clearly mentioned in full on the cheque.

Srinath Kondapally (Expert) 10 January 2010
the name/sign. of the drawer of such cheque may not be one and same

Guest (Expert) 10 January 2010
NANDKUMAR B.SAWANT.M.COM.LL.B.(MUMBAI),ADVOCATE
MOBILE.09325226691, 09271971251
e.mail.adv.nbsawant@yahoo.co.in
e.mail.nandkumarbs@sify.com

REGARDING THE TITLE OF ACCOUNT KINDLY NOTE THAT.
1.WHENEVER ANY CHEQUE IS DISHONOURED THE BANK ENCLOSES A DISHONOUR OF CHEQUE MEMO WITH THE SAID CHEQUE AND REASON FOR DISHONOUR OF SAID CHEQUE.
2.INSTEAD OF REFERING THIS QUERY TO THE LAWYERS YOU MAY DIRECTLY REFER YOUR BANK AND THE BANK DISHONOURING YOUR CHEQUE YOU WILL GET THE DESIRED INFORMATION EASILY.
3.IN GENERAL WHEN ANY CHEQUE IS DEPOSITED IN YOUR BANK YOU HAVE TO MENTION CHEQUE NO.DATE AND NAME OF THE BANK ON WHICH SAID CHEQUE IS DRAWN AND THE AMOUNT OF CHEQUE.
4.WHEN IT IS PRESENTED TO THE SAID BANK THE BANK WILL TALLY THE DETAILS ,AND MENTION THE DISCRIPANCIES AND REASONS FOR DISHONOUR IN THE CHEQUE DISHONOUR MEMO.
5.THE REASON MAY BE THE CHEQUE NO.ACCOUNT NO.IS NOT CORRECT, OR SIGNATURE OF ACCOUNT HOLDER IS NOT TALLYING YOU MAY KINDLY CHECK THE BANK PAY IN SLIP DETAILS WHETHER CORRECTLY WRITTEN AND TALLY WITH ACTUAL CHEQUE DEPOSITED.
6.I HAVE ALREADY SUGGESTED THE OTHER WAY OUT.
IN CASE YOU NEED ANY FURTHER HELP YOU MAY WRITE AND SEND DETAILS.WILL HELP YOU
WITH BEST REGARDS TO YOU YOUR FAMILY AND FRIENDS.
THANKING YOU
YOURS SINCERELY
NANDKUMAR B.SAWANT.M.COM.LL.B.(MUMBAI),ADVOCATE.

adv. rajeev ( rajoo ) (Expert) 10 January 2010
I agree with the learned members advises

A V Vishal (Expert) 10 January 2010
In Banking Parlance Title of account required refers to the company stamp that must accompany the signature of a director/ authorized signatory

SHYAMSUNDAR (Expert) 10 January 2010
well suggested by all members

A V Vishal (Expert) 10 January 2010
In Banking Parlance Title of account required refers to the company stamp that must accompany the signature of a director/ authorized signatory

Parveen Kr. Aggarwal (Querist) 10 January 2010
Thanks Vishal for the absolutely correct reply. In fact, the bank had yesterday returned me a cheque dishonoured along with slip containing the endorsement "title of accounts required". I was not aware of the correct meaning thereof. After inquiries the bank officials told me that the drawer company instead of putting rubber stamp of its name had written the name of the company in ink although signatures and all other things were perfectly right. I just wanted to bring this to the notice of all the learned members. Thanks a lot.

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