Legal Question in Banking Law in India

Cheque validity.

For what period is a cheque valid since the date of issue. Request reference.


Asked on 8/07/07, 1:13 am

4 Answers from Attorneys

Re: Cheque validity.

Six months.

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Answered on 8/07/07, 3:15 pm
J. Radhakrishnan independent Practice

Re: Cheque validity.

In terms of proviso (a) of Sec.138 of the Negotiable Instruments Act, it is six months from the date on which it is drawn (which has to be understood as the date appearing on the face of the cheque) or within the period of its validity, whichever is earlier. The later part refers to legend some times appearing on the cheque like dividend warrants as "valid for 3 months" etc.

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Answered on 8/07/07, 11:21 pm
BANKIMCHANDRA SHAH ADVOCATE DIGVIJAYA CONSULTANCY SERVICES

Re: Cheque validity.

6 months from the date mentioned on the cheque

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Answered on 8/07/07, 5:32 am
G. M. Gupta gmguptaandassociates

Re: Cheque validity.

its written on the cheque

usually its 6 months but some cheques do have validity of 3 months also so check ur cheque

For further and detailed advice contact personally. consultation charges will apply

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Answered on 8/07/07, 10:29 am


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