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Validity of Cheques and Drafts for 3 Months Now!

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Current Affairs & Latest News
With new RBI guidelines coming into force this month, the validity for cheques and drafts would be three months from the date of issue.

20 Replies

U
This is welcome. Longer period often involves too many endorsements and also the cheques get spoiled by moving in so many hands.
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U
The RBI has reacted to the misuse of longer validity by some dubious people!
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U
NIce decission taken by RBI so there is no misuse of checks now. :)
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U
Previously it was six months and now three months. Nice decision taken by RBI.
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U
Can this affect this site.. I mean if someone get cheque that late , then what?! I don't know much because I haven't got any payment so far.
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U
This may create problem for the people who get them late even in this age of fast communication and delivery system. They will have to get them re-dated again.
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U
Any one here who has to waited for that long for receiving cheque from here..?
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U
Decision is correct.Misuse will be not there.
But,what if the cheque,is not reached to that person in three months.
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U
Any one here who has to waited for that long for receiving cheque from here..?


We live in Small town,so that's why sometimes,the cheque is delayed for 1 or 1 and half a month.
This happens only sometimes..
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U
I am waiting for my cheque since 1 month. :laugh:
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U
That's nice decision but then people need to be careful for the cheques.Hope we don't get ourselves effected from this in boddunan. :)
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U
Any one here who has to waited for that long for receiving cheque from here..?


We live in Small town,so that's why sometimes,the cheque is delayed for 1 or 1 and half a month.
This happens only sometimes..


One and half month is okay.. Can't we have option like bank transfer here... :whistle:
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U
the decision made by rbi is good. but what if we get our cheques late.here it should be a mode of payment throgh bank transfer directly.
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U
the decision made by rbi is good. but what if we get our cheques late.here it should be a mode of payment throgh bank transfer directly.


Yes bank transfer option will be good.. No need to wait for the cheques..

Admin can give all payout once or twice in a month on particular day. :whistle:
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U
but is that possible?now question is that will admin do so?will it be good for boddunan?

but one thing is sure it will increase the partcipation of people more here.
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U
I agree bank transfer is a good option as online pay. That could be verified if the person is genuine or not. There are several ways like a scanned copy of PAN card.
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U
Yes bank transfer will be the best option.. And fast too. No need of mailing cheque and all that. Admin should consider it.
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U
This is a good decision by RBI. I also awaiting for my Cheque from 15 days.

I agree with, Money transfer is also good option.
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U
It has been discussed already and found to be not a viable option for boddunan as the average payout doesn't justify its cost for it!
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U
but what if we dont receive our cheques within 3 mnths thn?
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Topic Author

C

chinmoymukherjee

@ceeem

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Created Monday, 02 April 2012 08:01
Last Updated Tuesday, 30 November -0001 00:00
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