Q584
If a cheque presented through the Clearing House is returned unpaid for any reason, the banker has to enclose the cheque to a Returning Memo while returning the instrument to the customer. This provision has been prescribed under:
A.
Negotiable Instruments Act, 1881
B.
Reserve Bank of India Act, 1934
C.
Banking Regulation Act, 1949
D.
RBI Clearing House Rules
AnswerAnswer: Option D
Solution
Answer: Option D
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