Home › IBPS Clerk › Banking Awareness › Negotiable Instruments Act › Normal transit time for each stage of bill colle…
Normal transit time for each stage of bill collection is:
AFive days
BSeven days
CTwo days
DFour days
Answer & Solution
Correct answer: C. Two days
1. Four stages are listed, from dispatch to crediting.
2. Each stage gets the same allowance.
3. That allowance is two days.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
Related questions
Under section 141 who else is liable when a company offends?Under section 140 it is no defence that the drawer did not:Section 139 raises a presumption in favour of the:The drawer must pay after notice of dishonour within:For section 138 the cheque must be presented within:The fine under section 138 may extend to what multiple of the cheque?Imprisonment under section 138 may extend to:Section 138 punishes dishonour of a cheque for insufficiency of: