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Answer: In India, it has long been customary for bankers only to pay out checks and drafts delivered for payment within six months after the instrument’s date. However, following RBI recommendations, the validity period of cheques, bank drafts, pay orders, and banker’s checks have been shortened from six months to three months as of the instrument’s issuing date as of April 1, 2012.
What is the validity period of the cheque?
What is the validity period of the cheque?- Find the answer to this question and access a vast question bank that is customised for learners.
