A cheque bears a date earlier to the date on which the cheque is drawn. For example, a cheque drawn on January 15 bearing date January 10 is an ante-dated cheque. Bank generally pay an ante-dated cheque.
Showing posts with label Cheque. Show all posts
Showing posts with label Cheque. Show all posts
Saturday, July 31, 2010
Post-dated Cheque?
A cheque bearing a future date is called post-dated cheque. A bank can not pay cheque before date of cheque. Post dated cheque is not paid by a bank.
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