How to write a post dated cheque in india

Can I post-date a cheque?

How to write a post dated cheque in india

In otherwords, you are guaranteeing funds that's not in your account yet. If you post date a check to be used as a payment for example, a credit card or loanmost likely the check will be processed on the day the payee receives it and the date on the check will be ignored.

This article discusses general laws about checks, postdating, and fraud.

The reason is that a person does not handle it; it's all processed automatically by a processing machine. If you post date a check and give it to a person, then the agreement of when to cash the check is between you and them.

If the person tells you they're not going to cash it, but then it is presented on your account earlier than what the issue date on the check says and is returned due to insufficient funds, the financial institution most likely will not reverse the charges.

They'll tell you to take it up with the person you issued the check to. When they do, it becomes a liability loss to them if they can't collect on it.

So if you do post date a check and give it to a person, make sure you have a signed written agreement from them about not cashing the check until after the issue date. This way if they do, you can take the issue to small claims court and win because you have the written confirmation stating that the check is not to be cashed prior to the issue date.

Post dated cheque | Accountant Forums

I hope this information helps.SB/CQE-4(a) DEPARTMENT OF POSTS Requisition for fresh cheque book for Savings Account NB: As a safeguard against fraud, application for a fresh cheque . Jan 16,  · Kannan can encash the cheque only from and when he presents the cheque for payment on , the cheque is returned by the banker for the reason - post dated cheque.

A post dated cheque is one that bears a date beyond the current date. Say for example if you write the date as 20/01/, it is a post dated cheque and can be encashed / sent in clearing only on or after 20/01/ What is the process of Discouting a Post Dated Cheque in India?

how to write a post dated cheque in india

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How to Write a Check: 6 Steps (with Pictures) - wikiHow

Under Australian law a post-dated cheque is valid under the Cheques and Payment Orders Act (1) Where a cheque, or any indorsement of a cheque, is dated, the date shall, unless the contrary is proved, be presumed to be the day on which the cheque was drawn or the indorsement made, as the case may be.

India. Post-dated cheques in. Kannan can encash the cheque only from and when he presents the cheque for payment on , the cheque is returned by the banker for the reason - .

Post-dated cheque - Wikipedia