Which bank have given the instructions to the commercial banks regarding the immediate credit of outstation cheques?

Related MCQs

• Regional rural bank means a regional rural bank established under section 3 of the Regional Rural Banks Act, __________.
• Which one of the following is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds?
• Reserve Bank means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, _________.
• A cheque has been deposited by a customer with his bank for collection. The bank allows overdraft against the security thereof. The bank becomes
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• The payment should be made when the cheques are presented for payment within a reasonable time after being drawn and during banking hours.
• Section 45 of the Negotiable instruments Act, has imposed upon the banker the obligation to honour customers cheques.
• In case of collection of cheques and bills, the relationship of the banker with the customer is that of
• Bankers undertake the duty of collection of cheques and bills because......
• The collecting banker is bound to show due care and carefulness in the collection of cheques presented to him.