Please Help: stale cheque
Posted Date : 04-Jan-2012 , 01:41:15 pm | Posted By Gaurav Kushwaha
what is a time period after which a cheque becomes a stale cheque?To the best of my knowledge it is 6 months,is their any amendment that it has been changed to 3 months now?
Category : Students | Answers : 4 | Comments : 2 | Hits : 468
Answers
Answer By: Siddharth Bumb
yes now it is 3 months... earlier it was 6 months
Answer By: Mrattunjay
at present 6 m, but on or after 01.04.12 that will be 3m
Answer By: Rambabu Senkarasetti
3 months
Answer By: Rambabu Senkarasetti
Comments
PANKAJ BANSAL
06-Jan-2012 , 05:24:42 pm3 months
Rishabh Upadhyay
08-Jan-2012 , 03:01:24 pmHi friend. . The time period for a cheque to become stale is 6 months currently. . The provision for reduce this period of 6 months to 3 months is applicable from 1st april 2012 only. . To make it more clear. . I cheque written in december will be cleared till 31 march 2012 but will be treated as stale from 1st april 2012