snmudhol

 Profile Answers by snmudhol 

• Jun 5th, 2008

 

If the cheque date is older than the six month to current date that is called Stale Cheque.  This is not a valid cheque and banker will not accept.

For Ex: Current date 05-Jun-2008 if cheque date is 4-Dec-2007 or before cheque will be stale.

vasudeo007

 Profile Answers by vasudeo007 

• Aug 18th, 2008

 

The  words are self explanatory. Each negotiable instrument has a validity. No financial instrument can be given for indefinite period.

A cheque which has crossed maximum 6 months from the date of signing the cheque is stale cheque. That 6 months is not for each and every instrument. The drawer can specify whethe the instrument (cheque) can have valildity lower than 6 months.

But in any case the validity cannot be more than 6 months. This is as per Negotiable Instrument Act.

Vasudeo.

Kuldeep Shaw

• Jan 10th, 2015

 

the above two answers are not up to date.
Currently a cheque is valid for only 3 months from the date of signing it.
after that it will be considered stale and will not be eligible for encashment at the counter.

Zee

• Apr 19th, 2015

 

Cheque is valid for 3 months Older the current date "current delegation". So before 3 months dated cheque is stale.