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Railways PYQCBT 1 2016

RRB NTPC · Question 17

For how many months is a cheque valid from the date of issue? A. 1 month B. 2 months C. 3 months D. 6 months

  1. A

  2. B

  3. D

  4. C

Show answer & explanation

Answer: (D) C

Explanation

Under RBI rules, effective 1 April 2012, a cheque is valid for 3 months from the date written on it (earlier it was 6 months). After that it becomes a 'stale' cheque and banks will not honour it.