------------------------ Conversion of physical cheque into electronic form for transmission to the paying bank.

Related MCQs

• One of the conditions to honour the cheque by the paying banker is that amount in figures and words should---------.
• A cheque can be crossed by drawing two transverse parallel lines through top left corner of cheque is called -------------.
• Sec 138 state that drawer of a cheque is liable to be punished if the cheque is bounded for-----------.
• When a drawer draws a cheque without keeping sufficient balance and if the cheque is dishonored for insufficient funds, the drawer is punishable with and imprisonment which may extend to -------- and or a fine.
• Where the signature of the drawer of a cheque is not genuine such a cheque is called --------------
• Where a customer has issued a cheque date of which is yet to come such a cheque is called ---------.
• Crossing is a direction to the---------------bank to pay the cheque to the payee through a bank.
• Imperial Bank was formed in ________ by the amalgamation of three presidency banks – the Bank of Bengal, the Bank of Bombay, and the Bank of Madras:
• The physical monument of a paper cheque is sued stop is
• Where a customer by a letter has advised the bank directing the banker not to honour/pay a particular cheque such a letter is called