Cheque validity query
This query is : Resolved
17 January 2012
what is cheque validity from 1st april 2012 and what is valid date for cheque issued on 31st march 2012
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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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 ?
suppose a cheque issued on 25th march 2012 and that would be presented befor 25th june 2012. is it right or not ?
17 January 2012
My understanding is cut off date for presentation is 24th June,2012.
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