Exams › IBPS PO › General Awareness
For how many months is a demand draft valid?
- 1 month
- 3 months
- 6 months
- 9 months
Correct answer: 3 months
Solution
A demand draft is generally valid for 3 months from the date of issue unless otherwise specified by the issuing bank. After that period, it usually needs to be revalidated or reissued. Hence, the correct option is 3 months.
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