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Module: General Practice

Q72: What is the maximum validity period for the presentation of cheques, drafts, pay orders, and banker's cheques?

A
One month from the date of the instrument
B
Three months from the date of the instrument
C
Six months from the date of the instrument
D
Twelve months from the date of the instrument
✅ Correct Answer: B
The bank shall not make payment of cheques/drafts if presented beyond three months from the date of the instrument.
This instrument validity is a basic banking fact for the IIBF AML KYC Exam 2026.
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