What is the validity period of Cheque?

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:

  1. Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19
  2. Cashless Economy in India – UPSC GS-III Notes

Leave a Comment

Your Mobile number and Email id will not be published. Required fields are marked *