The Reserve Bank of India vide Notification No. RBI/2011-12/251 DBOD.AML BC.No.47/14.01.001/2011-12, dated 4th November, 2011 directed that the validity of Cheques/ Pay Orders/Banker’s Cheques will be reduced from the period of six months to three months from the date of such instruments with effect from 1st April,2012.
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