[www.keralites.net] The validity period of Cheques, Bank Drafts etc will be limited to three months w.e.f. 01/04/2012

 

The validity period of Cheques, Bank Drafts etc will be limited to three months w.e.f. 01/04/2012

 

Vide their circular No DBOD.AML BC.No.47/14.01.001/2011-12 dated  November 4, 2011 Reserve Bank of India directed all the  Scheduled Commercial Banks(excluding Regional Rural Banks and Local Area Banks)  to limit the validity period of cheques, bank drafts, pay orders, bankers cheque to three months instead of present six months from the date of such instrument.  w.e.f  01/04/2012. Please find attached the ralted RBI Circular  

With Regards

 

Prakash Nair

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www.keralites.net

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