Question: What is post-dated cheque with example?

To simply put, post-dated cheque is one which is drawn with a date which is after the date on which cheque was written. Lets understand with an example. But when you write a date which is later than the current date, say you write a date of a cheque as 3rd Feb, this is when it becomes post-dated cheque.

How do you write a cheque post dated?

If its later than the current date, then its a postdated check. For example, assume that today is January 1, and youre writing a check. In general, youd put the current date of January 1 on the check, but you could just as easily postdate it a week and write January 8 on the check, instead.

Can you pay in a post-dated cheque early?

There are no specific rules on how banks deal with post-dated cheques if they are paid in before the due date. However, its likely that if your bank spots a post-dated cheque that you have written, it will return it with the reason given as “post-dated cheque”.

How does post-dated check works?

Postdating a check is done by writing a check for a future date instead of the actual date the check was written. This is typically done with the intention that the check recipient will not cash or deposit the check until the future indicated date.

Can you cash a post dated Cheque early?

Post-dated Cheques Cashed Early Sometimes a post-dated cheque is deposited before the date on the cheque. The cheque can be returned and the amount credited back to your account up to the day before the date written on the cheque.

What is the purpose of post dated Cheque?

The post-dated check is the most common means of payment for a loan. It is a check that is written and issued by the debtor for a date in the future and may not be encashed or deposited until such time. Debtors use post-dated checks to avoid missing payments on their loans.

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