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  • Category: Others

    Validity of cheques reduced to three months from April 2012

    With effect from 1st April 2012 onwards the validity of the cheques will be reduced to three months instead of 6 months. The reserve bank of India has taken a decision in the public interest and in the interest of the banking policy. The bankers are asked to notify their customers about the new change in the validity of the cheques issued by the customer.
  • #948
    Recently I have received cheque from State Bank of India indicating validity for three months. It seems some of the banks have already implemented this and others may follow.

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