As per the RBI guidelines, validity of a bank draft is ___________.

3 months

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4 months

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5 months

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6 months

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Solution

The correct option is A 3 months
As per the Reserve Bank of India’s (RBI) course of action, a require draft is suitable for 3 months from the date when the outline was issued by the bank. After the third month, you can re-validate the DD ahead written request to the issuing bank. The revalidation of a DD can be done only once a year and after a year, the DD will be canceled by the bank and a new DD will be issued after paying the necessary fees connected with the procedure.

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