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Stale Cheque

What is meaning of Stale Cheque?
Asked by: vasuraoatp | Member Since May-2008 | Asked on: May 19th, 2008

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Answered On : Jun 5th, 2008

View all answers by snmudhol

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.

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Answered On : Aug 18th, 2008

View all answers by vasudeo007

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.

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