Chartered Accountant
413 Points
Joined September 2007
Cheque must be presented within a period of 6 months from the date of cheque or its validity period which ever is earlier.
Dear Miss Nidhi,
In some cheques it is written that cheques must be presented within 2/3/4,etc. months. So, validity period comes into play.
You mostly find this in Dividend Warrants received from Companies. Check Dividend Cheques, it is written validity period on it.
If nothing is mentioned on cheque regarding validity, then it must be presented within 6 months from the date mentioned on cheque.
I hope you got it.