Are they both same or different.Can any one explain me in detail way.And i had enough with financial jargon…Please in english only
Hey there you once again.Actually Buddy they both are exactly the same thing, Some bank uses former and some later.
Bounce charges, also called Payment dishonor charges or return charges, are fees from lenders. They occur when an EMI (Equated Monthly Installment) payment fails. This usually happens because there are not enough funds in the borrower’s bank account. And sometime it can be a technical error which can be reverted back
Happy swiping 
Enjoy this meme on the way
