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A cheque drawn in favour of a Karta may be collected in the account of a:
ASHG
BHUF
CLLP
DNGO
Answer & Solution
Correct answer: B. HUF
1. Account payee cheques go only to the payee.
2. One case is expressly clarified as permitted.
3. The Karta's cheque may go to the Hindu Undivided Family account.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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