Dear Friends
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 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.
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