The validity period of cheques/ DDs reduced from 6 months to 3 months. This will be effective 1.4.2012. For further information Copy of the RBI Circulation has been given below
November 4, 2011
The Chairmen/Chief Executive Officers
All Scheduled Commercial Banks (excluding RRBs)/Local Area Banks
Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques
In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date of the instrument.
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