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of <h1>Understanding Cheques: Types, Digital Signatures, and Electronic Processing Under IT Act, 2000</h1> A cheque is defined as a bill of exchange drawn on a specified banker, payable on demand, and includes both electronic images of truncated cheques and cheques in electronic form. A cheque in electronic form is created using a computer resource and signed with a digital or electronic signature. A truncated cheque is one that is converted into an electronic image during the clearing cycle, eliminating the need for physical movement. The clearing house is managed or recognized by the Reserve Bank of India. Terms like 'asymmetric crypto system' and 'digital signature' align with definitions in the Information Technology Act, 2000.
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