Important Update: How the RBI's New Rule on Cheque Validity Affects You Starting April 2012

This is to inform you all that the banks will not make payment of cheques, drafts, pay orders, or banker's cheques if they are presented beyond the period of 3 months from the date of such instrument, with effect from April 1, 2012. For ready reference, I am enclosing the circular dated November 4, 2011, issued by the Reserve Bank of India.

Regards.

Thank you very much for the update and latest information. However, in this communication, there are neither any signatures nor any stamp of the RBI Govt. Is it approved by the Indian Govt or not?

Regards,
J.N. Modi

Thank you very much for the update and latest information. However, in this communication, there are neither any signatures nor any stamp of the RBI Govt. Is it approved by the Indian Govt or not? Please reply.

Regards.

This is the circular I received in my email from one of my friends. It was received in PDF format, which cannot be amended by someone. These amendments do not require any Government of India approval; they only need a signature from an authorized signatory. The RBI Governor might have approved this in the file note, and based on that, the appropriate authority will issue the letter. Thus, we can consider it correct and approved.