boss2966 Started The Discussion:
This is to inform you all that the Banks will not make payment of cheques / Drafts / Pay orders / Bankers Cheque, if they are presented beyond the period of 3 months from the date of such instrument, with effect from 01 Apr 2012.
For ready reference I am enclosing the Circular dated 04 Nov 2011 issued by Reserve bank of India.
This is the circular I received in my email from one of my friends. This is received in PDF Format which cannot be amended by someone. These amendments need not require any Government of India approval. It requires only some signature from authorised signatory. The RBI Governer might have approved this in the file note and on that basis only the appropriate authority will issue the letter.
Hence we can consider it as correct and approved.
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