As per RBI guidelines, a customer cannot be charged if he/she is not at fault in case of a cheque bounce. However, if the check pertains to the HDFC Bank, then you will be charged a maximum of Rs 500.

As scams grow more sophisticated, at least you have one less thing to worry about—cheque fraud. The Reserve Bank of India (RBI) implemented the Positive Pay System (PPS) back in 2021 ...