Validity of issue chq
This query is : Resolved
28 August 2012
Dear Sir, I want to know that If Chq Issue on 16/3/2012 is valid for 6 Months or Not ?
28 August 2012
The period of 3 months is applicable only to cheques issued on or after 1.4.2012.
It is NOT applicable to cheque issued prior to 1.4.2012.
Accordingly, cheque issued on 16.3.2012 is valid for 6 months.
It is NOT applicable to cheque issued prior to 1.4.2012.
Accordingly, cheque issued on 16.3.2012 is valid for 6 months.
28 August 2012
Dear Sir, Thanks for Information I also want to know that If Bank refuse to take this chq. in clearing what can I do ?
29 August 2012
although bank should not but if they are not clearing the cheque take the notification copy and speak with branch manager..
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