From yesterday 1.4.2012 banks will not honour cheques / Demand Drafts which are more than 3 months. So please ensure that your cheques / DDs are presented for clearing within 3 months.
This follows Reserve Bank of India has issued directions vide RBI/2011-12/251 - DBOD.AML BC.No.47/14.01.001/2011-12, under which it has directed banks from 1st April 2012, not to honour cheques / Drafts / Pay Orders / Banker’s Cheques which are more than 3 months old as against the current practice of 6 months.
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