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Payment of Cheques / Drafts / Pay Orders / Banker's Cheques from 6 month to 3 month

Written By Admin on Friday, 9 December 2011 | Friday, December 09, 2011

Reserve Bank hereby directs that with effect from April 1, 2012, banks should not make payment of cheques/drafts/pay orders/banker’s cheques bearing that date or any subsequent date, if they are presented beyond the period of three months from the date of such instrument.

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