In Post Dated Cheque?

In banking, a 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.

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. Let's 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 3^rd Feb, this is when it becomes post-dated cheque.

How does post dated checks work?

Postdated checks are normal checks, but the person writing the check chooses to write a later date on it. This date can be tomorrow, next week, or even years from now. If it's later than the current date, then it's a postdated check. For example, assume that today is January 1, and you're writing a check.