Ans:
Yes, it does. A cheque return outwards or inwards hampers the financial credit history of your bank account and possibilities of availing a loan. Besides, it causes financial damage and loss of face to the receiver, who is also a party to the deal. It is now mandatory for banks to maintain transparency and report financial transactions to CIBIL or the credit bureau of financial institutions. A dent in the CIBIL score can cause your loan applications to be rejected since you must maintain a good credit score.