Payment of Cheques/ Drafts/ Pay Orders/ Banker’s Cheques: The existing validity period of 6 (six) months of cheques etc. [if not otherwise mentioned on the instrument] has been reduced by the Reserve bank of India to 3 (three) months from the date of the instrument, which will be effective on and from April 1, 2012. Does it mean that a cheque issued on 10th March 2012 will be invalid by 10th July 2012?