BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A cheque is considered as stale when if has been in circulation for
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More than forty eight hours
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More than one year
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More than six months unless otherwise specified
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More than three months
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Explanation:
Detailed explanation-1: -Checks that remain outstanding for long periods of time cannot be cashed as they become void. Some checks become stale if dated after 60 or 90 days, while others become void after six months. Outstanding checks that remain so for a long period of time are known as stale checks.
Detailed explanation-2: -more than six months unless otherwise specified.
Detailed explanation-3: -Overdue, Stale or Out-of-date ChequesIn India, a cheque, which has been in circulation for more than, is regarded by bankers as stale.
Detailed explanation-4: -Bearer cheque Was this answer helpful?
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