Check Bounce Shock 2026! RBI Announces Strict New Policy with Severe Penalties
The Reserve Bank of India has introduced stricter measures to curb cheque bounce incidents in 2026. The policy includes heavier fines, faster legal action, and potential imprisonment for defaulters, aiming to improve banking discipline and financial accountability. Banks are now required to report bounced cheques promptly, and legal processes for recovery have been streamlined to … Read more