General Knowledge · Banking Sector
A 'Stop Payment' instruction halts cheque encashment for reasons like loss, theft, or overpayment. Who holds the primary authority to issue this instruction to the paying bank?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Any third party
- 2The payee
- 3The drawer✓
- 4The bank's branch manager
Correct answer
The drawer
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