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A bank's cheque collection policy must cover how many aspects?
AThree
BSeven
CEight
DNine
Answer & Solution
Correct answer: A. Three
1. Immediate credit for cheques is the first.
2. The time frame for collection is the second.
3. Interest for delayed collection is the third.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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