Is a cheque a legal tender? Check Answer at BYJU’S

No, the cheque is not a legal tender. Postal orders, bills of exchange, bank drafts are also considered as non-legal tenders. Bank notes and coins are legal tender. You can read about the RBI – Know More About Reserve Bank of India in the given link.

Further readings:

Bad Banks – Idea Proposed Due to COVID-19
Cashless Economy in India – UPSC GS-III Notes

Related Links
Monetary System – Types of Monetary System	Black Money: Definition, Sources & Measures to Curb Black Money
Demonetisation Essay – Concepts, Merits, Demerits & Effects	Money Supply in Economy – Types of Money, Monetary Aggregates, Money Supply Control
List of Different Types of Banks in India	Non Performing Assets (NPA) – Facts for UPSC GS-III

IAS QUESTIONS Related Links
Instrument Of Accession	Who Is The Second Citizen Of India
Budget Is Prepared For	Lucknow Session 1916 President
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IAS QUESTIONS Related Links

Instrument Of Accession

Who Is The Second Citizen Of India

Budget Is Prepared For

Lucknow Session 1916 President

What Do You Mean By Horticulture

Jagirdar

Who Wrote The Preamble Of India

Define Green Economy

Loktak Lake Is Situated In Which State

Longest Cell In Animal