Home › SBI PO › Banking Awareness › Negotiable Instruments Act › A demand draft is uniformly valid for a period of:
A demand draft is uniformly valid for a period of:
AEleven months
BThree months
CSeven months
DEight months
Answer & Solution
Correct answer: B. Three months
1. The validity is printed at the top of the draft form.
2. After that period the draft must be revalidated.
3. The uniform validity is three months.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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