Cheque definition expanded to include electronic and truncated forms, clarifying clearing house and IT Act term meanings.

A cheque is a demand bill of exchange that includes the electronic image of a truncated cheque and a cheque in electronic form. A cheque in the electronic form is drawn using computer resources and signed in a secure system by digital signature (with or without biometric signature) or electronic signature; technical terms are as defined in the Information Technology Act. A truncated cheque is one truncated during a clearing cycle upon generation of an electronic image, and "clearing house" means the Reserve Bank managed or recognised clearing house.

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