Question

Short note given by a banker to point out reasons for the dishonor of a cheque is

• A. Return memo
• B. Rejection memo
• C. Rejection certificate
• D. Reason memo

Answer 1

Answer:

A. Return memo

A Return Memo is a short note issued by a banker to inform the drawer or holder of a cheque about the reasons for its dishonor (e.g., insufficient funds, signature mismatch, etc.). It serves as an official record of why the cheque could not be honored.