Multiple Choice Questions on A cheque is called as stale cheque if it is presented after months of its date of issuance ........ for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

A cheque is called as stale cheque if it is presented after months of its date of issuance ........

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    A cheque is called as stale cheque if it is presented after...... months of its date of issuance:

    3 months

    Correct Answer

    6 months

    Incorrect Answer

    9 months

    Incorrect Answer

    12 months

    Incorrect Answer
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    Explanation:

    If a cheque is presented for payment after three months from the date of the cheque it is called stale cheque. 
    After expiry of that period, no payment will be made by banks against that cheque.

    By: Vishal
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