question_answer

A working group on cheque transactions and E-cheques was constituted by the Reserve Bank of India under the chairmanship of Dr R B Barman and major recommendations of group include

A)  the physical cheque will be truncated within the presenting bank

B)  settlement will be generated on the basis of current MICR code line data

C)  electronic images, will be used for payment processing

D)  All of these

E)  None of these