Friday, March 23, 2012

After 1 April, get your cheque encashed within three months

From 1 April, the validity of cheques would be reduced from six months to three months. In other words, you would need to en cash a cheque within three months or it would become invalid. So if you get your dividends or other payments through a cheque, make sure you get it processed as soon as possible. The Reserve Bank of India (RBI) notified this on 23 November 2011.