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It is not difficult to understand that a post dated cheque is not payable on demand.
The courts considered under the Negotiable Instruments Act, 1881. In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque: If a post dated cheque is a bill of exchange which is not payable on demand how the stamp duty will be calculated on such a bill of exchange.
In banking, post-dated cheque is a cheque written by the drawer (payer) for a date in the future.
Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country.
You postdate a check by writing a future date on it.
People typically do this when they want to give a check to someone but aren't certain they'll have enough money in their account until a certain date to cover it.
Because I make most payments (like my mortgage) online, it’s not too often that I bust out the checkbook.
A few weeks ago, however, I wrote a check and got a nasty surprise in my bank account.
You should direct to your own experienced legal counsel questions involving your organization's compliance with or interpretation or application of laws or regulations and any additional legal requirements that may apply.
Performing a background check can be an important step in ensuring personal and family safety.
When you postdate a check, you put a future date on it.Tags: Adult Dating, affair dating, sex dating