For how many months is a cheque valid from the date of issue?

A. 1 month

B. 2 months

C. 3 months

D. 6 months

Question

Question

This question was previously asked in

NTPC Tier I (Held On: 30 Mar 2016 Shift 3)

Answer 1

The Correct Answer is Option 4 i.e C.

The validity of a cheque is estimated to be within a period of three months from the date of its issue.
With effect from April 1, 2012, the validity period of Cheques, Demand Drafts, Pay Orders, and Banker's Cheques was reduced from 6 months to 3 months, from the date of its issue.
Post-dated cheque: It is a cheque on which future date is written by the issuer for the payment.
Outdated cheque: A cheque is outdated when it is outstanding for a period of more than 3 months from the date of issue.