RBI, Bank, cheques, drafts

As per the new RBI guideline effective 1st April 2012,  CC/DDs /Cheques  validity being reduced from 6 to 3 months.

 

Please note :

 

- Cheques / Demand Drafts / Pay Orders dated April 01,2012 or after, if presented on   or after April 01, 2012 will be valid only for three months from the date on the instrument.

 

- Cheques / Demand Drafts / Pay Orders issued and dated on or before March 31,2012 shall continue to be valid for six months from the date on the instrument.