Friday, November 4, 2011

Cheque / DD will be valid for 3 months ( not 6 months ) w.e .f 1st April 2012


RBI has instructed all Banks to inform their Customer about the new notification .

As you all know all cheques/ DD we receive are valid for 6 months from the date mentioned in the instrument . As per RBI latest notification From 1st April 2012 , all cheque and DD will be valid only for three Months from the date of the instrument . Please see the link for notification.

http://rbidocs.rbi.org.in/rdocs/notification/PDFs/CVC041111.pdf

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