Reserve Bank Of India [RBI] — ch clearing

Pl clarify the clearing rules of the cheque

Cheque is presented in the bank for clearing in particular account. It is returned with insufficient funds at 2.00pm. But the account in which cheque was to be debited is credited with funds at 3.15pm.
Now whether the bank should wait till working hours to return the cheque with remarks insufficinet funds
Or
Bank is liable to return the cheque with remarks insufficient funds whenever it is presented through clearing house
Regards
Bbehl
2451 sewak pura
Ludhiana
E-mail - [protected]@gmail.com
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