ramesh samudrala 20 December 2016
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 |
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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/Telangana state 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.