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Demand drafts above a set value must carry which crossing?
AAccount general
BAccount special
CAccount payee
DAccount holder
Answer & Solution
Correct answer: C. Account payee
1. Crossing controls who can collect the instrument.
2. The rule applies to larger drafts.
3. They must be issued with account payee crossing.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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