Top Law News Validity of cheques to be reduced to 3 months March 2, 2012 / March 2, 2012 by Legal India Admin | Leave a Comment The government on Wednesday said the Reserve Bank has decided to reduce the validity of cheques and bank drafts from the present six months to three months beginning next fiscal. The Reserve Bank of India (RBI) has advised that with effect from April 1, 2012, banks should not make payments against cheques, drafts, pay orders […] Read more ยป bank drafts Minister of State for Finance Namo Narain Meena Reserve Bank of India (RBI) validity period of cheque