If a cheque presented through the Clearing House is returned unpaid...

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Examveda

If a cheque presented through the Clearing House is returned unpaid for any reason, the banker has to enclose the cheque to a Returning Memo while returning the instrument to the customer. This provision has been prescribed under:

A. Negotiable Instruments Act, 1881

B. Reserve Bank of India Act, 1934

C. Banking Regulation Act, 1949

D. RBI Clearing House Rules

Answer: Option D

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