Question

    A stale is cheque is such that it is presented after

    ____________ from the date of its issue, at the bank.
    A Three months Correct Answer Incorrect Answer
    B Six months Correct Answer Incorrect Answer
    C Nine months Correct Answer Incorrect Answer
    D Twelve months Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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. 

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