cheques Drafts Pay Orders and Banker rsquo s Cheques are ldquo valid for months from the date of ins...........

Banking and Fianncial Awareness (IBPSCL) MCQ practise

cheques, Drafts, Pay Orders and Banker’s Cheques are “valid for ___________________ months from the date of instrument.

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IBPS CLERK MAINS 2018

4 months

1 months

6 months

3 months

5 months

- Cheques, Drafts, Pay Orders, and Banker’s Cheques have specific validity periods.

- Let's look at each option closely to find the correct one:

- Option 1: 4 months - Not the standard period of validity.

- Option 2: 1 month - Unusually short compared to standard practices.

- Option 3: 6 months - Longer than the standard period.

- Option 4: 3 months - This is the typical validity period for such instruments in many banking practices.

- Option 5: 5 months - Does not typically match banking norms.

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