ICICI Bank Ltd Interview Question:

If a cheque is dishonoured it is called ____________ .

a. Settlement of the cheque
b. Withdrawing of the cheque
c. Nullifying of the cheque
d. Return of the cheque unpaid

Submitted by: Muhammad

Return of the cheque unpaid
Explanation:
Insufficient fund, the death of the drawer, irregular signature, non-existing account, bankruptcy, frozen account, when there is attention, a post-dated cheque, if there is difference between the amount written in words and that in figures, when payment is stopped are the reasons why most bank cheques are being dishonoured.
Submitted by: Muhammad