BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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saka samvat calendar
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gregorian calender
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either saka samvat calendar or gregorian calendar
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none of these
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Detailed explanation-1: -bear both the dates i.e., Saka Samvat as well as Gregorian Calendar. Therefore, a cheque written in Hindi and bearing a date in Hindi is a valid instrument.
Detailed explanation-2: -Validity of a Cheque It is a type of bill of exchange per the Negotiable Instruments Act 1881. As per RBI guidelines, the cheque is valid for 3 months only. After the 3 months, the drawer has to revalidate to increase the validity by 3 months.
Detailed explanation-3: -No changes / corrections can be carried out on the cheques (other than for date validation purposes, if required). For any change in the payee’s name, courtesy amount (amount in figures) or legal amount (amount in words), fresh cheque leaves should be used by customers.
Detailed explanation-4: -Personal, business, and payroll checks are good for 6 months (180 days). Some businesses have “void after 90 days” pre-printed on their checks. Most banks will honor those checks for up to 180 days and the pre-printed language is meant to encourage people to deposit or cash a check sooner than later.