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Validity of Cheques and Drafts for 3 Months Now!

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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
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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U
but what if we dont receive our cheques within 3 mnths thn?


I don't think period of 3 months is a short time to sort out the issue as you get to know the date of payments from 'Recent Payments' tab and after waiting for a reasonable time you can PM to Maverick for the latest status!
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U
the duration of 3 months is a good period alloted for the validity of cheque and draft
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U
Whatever may be, we have to be alert while we getting a check. It should be changed in the bank immediately.
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U
That's right otherwise we may not get the cash. :)
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U
Yes... But I think 3 months time is still quite enough.. Will not effect us.
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U
We already discussed about payment terms. I dont thing admin will accept the bank transfer method as it has So many issues.
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U
Cheque is also okay... At least all members are getting their payments on time, and that is more important.
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U
We already discussed about payment terms. I dont thing admin will accept the bank transfer method as it has So many issues.


What are those issues vinodh? :)

Most of the sites these days are transferring money directly to the user's account. :)
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U
after seeing this that members are getting their cheques on time im ok with this that we can get our payment through cheque as their is no delay in that.
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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
Replies 0
Views 2.1K
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