https://www.taxtmi.com/article/detailed?id=1509 Reserve Bank of India shortened the validity of cheques, banker's cheques, pay orders and demand drafts from six months to three months and directed banks to print this on cheque leaves; banks must accept only timely-presented instruments, credit proceeds only to the named payee's account, and enforce account-payee issuance for higher-value drafts to reduce misuse and aid reconciliation. en-us Mon, 14 Nov 2011 16:49:55 +0530 Mon, 14 Nov 2011 16:49:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1509 Reserve Bank of India shortened the validity of cheques, banker's cheques, pay orders and demand drafts from six months to three months and directed banks to print this on cheque leaves; banks must accept only timely-presented instruments, credit proceeds only to the named payee's account, and enforce account-payee issuance for higher-value drafts to reduce misuse and aid reconciliation. Articles Other Topics Mon, 14 Nov 2011 16:49:55 +0530 https://www.taxtmi.com/article/detailed?id=1509