Order what happens to a bounced cheque
Exercise and reference answers
- Steps
- Cheque is presented
- Paying bank dishonours it
- Reason code put on memo
- Returned within 24 hours
- Data reported to head office
- 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_