Under RBI norms (as of 2024), what is the validity of cheques and bank drafts from the date of issuance?
Since the RBI's 2012 directive, cheques and bank drafts are valid for "3 months" from the date of issue, reduced from the earlier period of "6 months".
Choose your answer
Under RBI norms (as of 2024), what is the validity of cheques and bank drafts from the date of issuance?
Answer and explanation
Correct answer B
Since the RBI's 2012 directive, cheques and bank drafts are valid for "3 months" from the date of issue, reduced from the earlier period of "6 months".
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