alleryFor bulk tender, the probable payment date must not exceed:
A7 days
B9 days
C8 days
D6 days
Answer & Solution
Correct answer: A. 7 days
1. Bulk notes are accepted against a receipt.
2. The value is credited later by electronic means.
3. The date on the receipt cannot exceed 7 days.
_Source: RBI Master Direction, Facility for Exchange of Notes and Coins_
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