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.

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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!
the duration of 3 months is a good period alloted for the validity of cheque and draft
Whatever may be, we have to be alert while we getting a check. It should be changed in the bank immediately.
That's right otherwise we may not get the cash. :)
Yes... But I think 3 months time is still quite enough.. Will not effect us.
We already discussed about payment terms. I dont thing admin will accept the bank transfer method as it has So many issues.
Cheque is also okay... At least all members are getting their payments on time, and that is more important.
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. :)
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.
Even I would like to know about them...

Can someone give the link where admin and user have discuss about this thing.
This is a great news. This helps people to deposit cheques within the validity provided.

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