Cheque validity query

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srinivass

srinivass (Querist)
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17 January 2012 what is cheque validity from 1st april 2012 and what is valid date for cheque issued on 31st march 2012

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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17 January 2012 Reserve Bank of India has issued CIRCULAR NO. DBOD.AML BC.NO.47/14.01.001/2011-12, DATED 4-11-2011 by which it has directed Banks that with effect from April 1, 2012, banks should not make payment of cheques/drafts/pay orders/banker’s cheques bearing that date or any subsequent date, if they are presented beyond the period of three months from the date of such instrument.

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srinivass

srinivass (Querist)
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17 January 2012 Thanks for ur reply sir,
suppose a cheque issued on 25th march 2012 and that would be presented befor 25th june 2012. is it right or not ?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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17 January 2012 My understanding is cut off date for presentation is 24th June,2012.

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