What Is Stale Cheque?

1.	What Is Stale Cheque?
Answer» If the cheque is not PRESENTED for PAYMENT for a period of 6 months from the date of its issuance, it is then considered as Stale Cheque. The validity of the cheque can be REDUCED by the DRAWER, like valid for 3 months but the maximum validity of any cheque is 6 months. If the cheque is not presented for payment for a period of 6 months from the date of its issuance, it is then considered as Stale Cheque. The validity of the cheque can be reduced by the drawer, like valid for 3 months but the maximum validity of any cheque is 6 months.

Answer»

If the cheque is not PRESENTED for PAYMENT for a period of 6 months from the date of its issuance, it is then considered as Stale Cheque.

The validity of the cheque can be REDUCED by the DRAWER, like valid for 3 months but the maximum validity of any cheque is 6 months.

If the cheque is not presented for payment for a period of 6 months from the date of its issuance, it is then considered as Stale Cheque.

The validity of the cheque can be reduced by the drawer, like valid for 3 months but the maximum validity of any cheque is 6 months.

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