Bounce Charges definition

Bounce Charges means an amount payable by the Borrower to the Lender as a penalty where PDCs issued by the Borrower is not honoured by the bank, or ECS or any other Repayment Mode is returned or not honoured; 'Business Day' means a day on which the Lender and banks are open for business in Delhi, Pune and Mumbai and location of the drawee bank on which the Repayment Mode is drawn; 'Due Date', means, in respect of:

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Bounce Charges means an amount payable by the Customer to BFL as a penalty where the cheque(s) or ECS/ NACH/mandate or such other payment instruments issued by the Customer for the payment of Outstanding amounts is not honored by the Customer’s bank and is returned unpaid.

Bounce Charges means an amount payable by the Customer to the Lender as a penalty where the cheque(s) issued by the Customer is not honoured by the clearing bank or the EMI mandate is dishonoured;

Examples of Bounce Charges in a sentence

• The prepayment shall have effect only on receipt by the Lender of the entire loan outstanding including Arrears of Installments, Principal outstanding: Interest till date of payments, foreclosure charges, cheque Bounce Charges, Additional finance charges and any other charges due under this loan agreement.

• The Lender may during the Loan Tenure and at its sole discretion, with or without any prior notice to the Borrower, amend / revise any of the terms and conditions contained in the Agreement including the repayment schedule, Interest Rate and/or any other fee or charge such as Penal Interest, processing fees, Bounce Charges, Outstation Collection Charges, Pre-payment Charges, Service charges, other charges etc.

• The Borrower agrees that the repayment of the amount of the Loan together with interest, Bounce Charges, Late Payment Charges and all such other sums due and payable by the Borrower to the Lender shall be payable at the place where the branch of the Lender is situated or such other branch as notified by the Lender to the Borrower by way of PDC and/or NACH, details whereof are mentioned in the Schedule attached hereto.

• The prepayment shall have effect only on receipt by the Lender of the entire loan outstanding including Arrears of Installments, Principal outstanding: Interest till date of payments, foreclosure / pre-paymentcharges, cheque Bounce Charges, overdue interest, interest upto date of settlement and any other charges due under this loan agreement.

• Bounce Charges INR 500 + GST per instrument is payable in case of any dishonored cheques and ACH.

More Definitions of Bounce Charges

Bounce Charges means an amount payable by the Borrower to CFL as a penalty where the ECS/ NACH/such other instrument suitable and accepted for Outstanding payment is returned/dishonoured.

Bounce Charges. Means an amount payable by the Customer to Truffle Money as a penalty where the ECS/ NACH/such other instrument suitable and accepted for outstanding payment are returned.

Bounce Charges means an amount payable by the Borrower to the Lender as a penalty where PDCs issued by the Borrower is not honoured by the bank, ECS, NACH or any other Repayment Mode is returned or not honored; ‘Business Day’ means a day on which the Lender and banks are open for business in Kolkata, Delhi, Uttar Pradesh, Haryana, Pune and Mumbai and location of the drawee bank on which the Repayment Mode is drawn; Due Date’ means in respect of: ‘Electronic Clearing System or ECS’ or NACH, means the debit clearing schemes, notified by RBI from time to time, being mode(s) of electronic funds transfer from one bank account to another bank account using the services of a clearing house or any other platform or mechanism duly authorized in this regard including without limitation the National Electronic Clearing Service.

Bounce Charges means an amount payable by the Borrower to SFPL, as set out in the Loan Term Sheet, where the post dated cheque(s) or ECS/ NACH or such other payment instruments issued by the Borrower for the payment of Outstanding Amounts is not honored by the Borrower’s bank and/ or is returned unpaid, as may be revised from time to time.

Bounce Charges means an amount payable by the borrower to Fedfina as a penalty where the Repayment Instrument(s) issued by the borrower is not honoured by the Bank or repayment mandate is returned/ unpaid 'बाउन्स िुल्क' म्हणर्े कर्जदाराने ▇▇▇▇▇▇▇ ला दां ड म्हणून देय असलेली रक्कम जर्थे कर्जदाराने र्ारी के लेले परतफे ड इन्स्ट्रु में7 बँके ने पाळले नाही जकां वा परतफे डीचे आदेश परत के ले/भरले न गेले.

Bounce Charges means an amount payable by the borrower to the BFL as a penalty where the cheque(s) issued by the borrower is not honored by the Bank or ECS is returned.

Bounce Charges means an amount payable by the Borrower to the Lender as a penalty where PDCs issued by the Borrower is not honoured by the bank, ECS, NACH or any other Repayment Mode is returned or not honored; 'Electronic Clearing System or ECS' or NACH, means the debit clearing schemes, notified by RBI from time to time, being mode(s) of electronic funds transfer from one bank account to another bank account using the services of a clearing house or any other platform or mechanism duly authorized in this regard including without limitation the National Electronic Clearing Service.