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On returning a cheque, the paying bank must indicate the:
AReturn revenue code
BReturn receipt code
CReturn register code
DReturn reason code
Answer & Solution
Correct answer: D. Return reason code
1. The code goes on the return memo or objection slip.
2. A bank official signs or initials it.
3. It is the return reason code.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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