As per guidelines of Reserve Bank of India (RBI), the validity period of cheque from the date of issue is 3 months. These guidelines came into effect from April 1, 2012. Prior to this guideline the validity period of cheques was 6 months. You can read about the RBI – Know More About Reserve Bank of India in the given link.
The validity period of pay orders, demand drafts are also 3 months.
Further readings:
- Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19
- Cashless Economy in India – UPSC GS-III Notes
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