Multiple choice

Use of ultra-violet ray lamp is mandatory as per RBI guidelines to prevent frauds, where the amount of cheque exceeds Rs. _______.

  1. 50000

  2. 1 lac

  3. 2 lac

  4. Bank discretion
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

As per guidelines, all cheques above Rs. 2 lac are to be examined under an ultra-violet lamp at the time of clearing and cheques above Rs. 5 lac will have to undergo checks at multiple points before clearance.

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