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ramesh samudrala   20 December 2016

Cheque validity period

validity of cheque 3 months clarity for 3 months 90 days or more need clarity


Learning

 4 Replies

Ms.Usha Kapoor (CEO)     21 December 2016

From April 2012 cheques validity has beenreduced to 3 monthsfrom 6 months  for the following reason.If you appreciate this answer please give me a like on my proifile.

 

Points: 2

It could be because the people exploit the banking system for their own gains. It has been observed that cheques had been circulated in lieu of cash for six months ( Please note that the cheques had a validity of six months). That is the primary reason for reducing the cheque validity now to three months.

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     21 December 2016

As per RBI guidelines, with effect from April 1, 2012, the validity period of Cheques, Demand Drafts, Pay Orders and Banker's Cheques will be reduced from 6 monthsto 3 months, from the date of issue of the instrument.

Suri.Sravan Kumar (senior)     21 December 2016

I agree with my brother Ramachary.


(Guest)
Rama chary garu please give ur mobile and I would like to contact you .my mail id subbu99p@gmail.com.regarding one case I want to discusswith u

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