The blog explains the implications of a dishonoured cheque, including potential legal consequences, penalties, and alternatives to avoid such issues. It outlines the reasons cheques might bounce, the legal repercussions for the issuer, and practical tips for avoiding dishonour charges through digital banking and proper cheque management.
The article explains what an NRI (Non-Resident Indian) Account is, detailing its purpose, who can open one, and the different types available, including Non-Resident External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR) Accounts.
