India Infoline ltd
Chq bounce

I have opened a demat account through india infoline ltd and issued a cheque for 5000/- as initial deposit in its favour.

It was deposited in hdfc bank ltd, sambalpur (orissa) for clearence, Now india infoline ltd has deducted 500/-as charges for chq bounce charges in my account while my account had suffiecient balance and according to the drawee bank, Andhra bank ltd, bargarh (orissa), no such cheque have been recieved by them for clearing.

how they have deducted such a charge by qouting the reason as cheque bounce charges, which is quite a prestige issue.

Later when contacted with relationship manager Mr.chhitendra Naik and branch, after several reminders, the amount was credited in my ledger account of india infoline ltd, but the cheque bounce charges are still not reverted.

Company: India Infoline ltd
Country: India

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