Indian Overseas Bank — cheque returned- [protected]

Address:

Raigad, Maharashtra, 410210

Inspite of being sufficient balance in the account no - [protected], my cheque no. 011495 for rs 40000 was returned after the same was debitted and then returned.
I am attaching the photo copy of my passbook.
I have been charged rs 500 as penalty from my college and even my reputation has been damaged. I want immediate action and compensation for the same or else i have option but to move consumer court.