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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".

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Under RBI norms (as of 2024), what is the validity of cheques and bank drafts from the date of issuance?

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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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