On returning a cheque, the paying bank must indicate the:

Question

Accepted 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_

Answer

Return revenue code

Answer

Return receipt code

Answer

Return register code

On returning a cheque, the paying bank must indicate the:

Keep practising Negotiable Instruments Act