Outline the the circumstances that will make a cheque to be marked RD by a bank before being returned to the depositor.

      

Outline the the circumstances that will make a cheque to be marked RD by a bank before being returned to the depositor.

  

Answers


ayub
a. When their is insufficient funds in the account.
b. If the account holder has closed the account.
c. If the account holder/drawer is dead, bankrupt or insane.
d. If the drawer instructs the bank not to honor the cheque.
e. Any alteration on the cheque that is not accompanied by any signature.
maalimA answered the question on March 26, 2019 at 16:42


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