I have issued Cheque in Favor of “XYZ” & the same was Debited from my Saving bank account on 28th Jan. Money got debitted for same cheqe from my account on 31st Jan. But beneficiary is claiming that he has not got money in his account. When he spoke to his bank, they replied cheque has bounce…….beneficiary has been informed he should get cheque in 2-3 business day……sat – sunday is coming so my case will be extended….and till time he get money i wont be avail service which i opt for by paying…..
My question is
how it is possible…..or beneficiary is fooling me…..how do i get the info whether money is credited in beneficiary’s account(which i can get in day or two)…..My Bank said the money has been passed but not ready to give confirmation about credit in beneficiary’s account saying confidential info…….
any suggestion or steps i should take to know the issue soon…..