bhumikachauhan (Officer) 28 February 2013
a bank has received a cheque dated 30/11/2012 on 28/02/2012 & cheque dated 28/02/2013 is received on 30/05/2013 ... what shall be bank status on both incidents? whether a bank shall honor / reject both cases considering RBI recent guidelines on 3 months validity of a cheque.
Prasun Chandra Das (Banker) 02 March 2013
The RBI notification came into effect from 01.04.2012. So, chqs presented to the bank after 3 months of issue dt will be returned.
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