Thursday, April 19, 2012

announcement


Sunday, April 1, 2012

announcement

In line with the Reserve Bank of India (RBI) notification of 4th November 2011, the validity of all cheques, drafts, pay orders and banker cheques will be for 3 months only. This is effective 1st April 2012.

Therefore, kindly ensure that all such instruments, from 1st April 2012, are presented within 3 months of the date on the instrument, for successful clearance. Please note that instruments presented after a period of 3 months may not be cleared.

This change is applicable across all banks in India, and covers all instruments that are issued or received by you.