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Order what happens to a bounced cheque

Exercise and reference answers

Steps
  1. Cheque is presented
  2. Paying bank dishonours it
  3. Reason code put on memo
  4. Returned within 24 hours
  5. Data reported to head office
  6. Placed before audit committee
Instructions
Tap the steps in the order they happen.

Explanation

_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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