Module: | Negotiable Instruments & Basics
Q3: According to RBI mandates, what is the fixed validity period of a cheque calculated from the date printed on the instrument?
✅ Correct Answer: B
RBI mandates a fixed validity of 3 months from the printed date.
After this period, the instrument is considered a stale cheque and cannot be paid.
After this period, the instrument is considered a stale cheque and cannot be paid.