Author: Meghna Sharma

PAN is generally required when opening a regular bank account in India, but having a PAN card is not the…

No, Aadhaar is not universally mandatory for opening a bank account in India. Banks must complete the applicable KYC requirements,…

No, appointing a nominee for a bank account is not generally a legal requirement for keeping or opening a bank…

Yes, KYC is mandatory for existing bank customers in India, not only for people opening new accounts. Banks are required…

Yes, changing a bank account nominee is legally allowed in India. A bank customer can generally cancel an existing nomination,…

No, operating a joint bank account is not generally legally restricted in India. Two or more people can open and…

Yes, legal action is available in India when a cheque is dishonoured, provided the statutory requirements are satisfied. The primary…

Yes, a post-dated cheque is legally valid in India. It is a cheque bearing a future date and is commonly…

Yes, a cheque holder can instruct a bank to stop payment, but stopping payment does not automatically eliminate the drawer’s…

Yes, cheque forgery can be a criminal offence in India. Creating, altering, signing, or using a cheque fraudulently may amount…