Question
A stale is cheque is such that it is presented after
____________ from the date of its issue, at the bank.Solution
A cheque is a negotiable instrument that is used for payment and settlement in India. A stale cheque is such that it is presented for payment after three months from the date of such cheque. Such an instrument is honoured by the bank. In such case, the instrument has to be re-issued from the issuer of the cheque.Â
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