If a post dated cheque does clear early, they can reverse it back as it was their mistake. The stale date is the main purpose of the dating of the cheque.

Can I deposit post-dated cheque?

Consumers and businesses are advised not to accept post-dated cheques because of the problems they create if they are paid into their bank accounts before the due date. However, its likely that if the paying bank spots a post-dated cheque, it will return it with the reason given as “post-dated cheque”.

What happens if a post-dated cheque bounces?

If the cheques are bounced the person can send notice to defaulter and if in even time payment is not made the person can file case in the court. Legal expenses will be bared by person who files the case. Case closure time is never specified it deponds on terms and the cases.

What happens if the cheque is post-dated?

So, the story of the post-dated cheque is that you dont have sufficient balance on the date the drawee demands the sum from you and you issue him a post-dated cheque with a future date. This is kind of giving assurance to the recipient or the drawee that on this future date, the payment will be honoured.

Who said a post-dated cheque on a falling bank?

Gandhi Gandhi said that Cripps offer of Dominion Status after the war was a post-dated cheque drawn on a failing bank.

Does a check have to have a date on it?

No Date. There isnt anything in the Uniform Commercial Code saying a check has to be dated. In fact, if a check has no date on it at all, its assumed that it was written on the day that you attempt to cash it or deposit it. If you receive an undated check you can fill in the date yourself.

What did Gandhi mean when he said a post-dated cheque on a failing bank?

Answer: Because British were losing their hold, so the proposal of granting the subcontinent a dominion status was called a post-dated cheque. Explanation: Gandhi predicted that the shaken British rule will soon lose the hold so the aid they are giving to India for the war effort was worthless.

What are post dated Cheques called?

What is a post-dated cheque? To define post-dated cheque, it is a form of a cheque drawn with a future date written on it. To simply put, post-dated cheque is one which is drawn with a date which is after the date on which cheque was written.

Can you deposit a Cheque without a date on it?

Cashing an Undated Check Since banks follow the UCC, your undated check will be deposited. If you have access to the person who wrote the check, you can always return to that person and ask that the date be written in. If not, a blank date line is better than altering the check by sliding that date in there yourself.