post-dated a check meaning
for this definition, a post-dated check is a check that has a future date put on it. a post-dated check is a check that is drawn on a date after the day the check was written, to put it simply.
can a post-dated cheque be cashed early?
when it comes to post-dated checks, banks have procedures to ensure they are not processed too early. you can return the check and get your money back up to the day before the check’s expiration date.
is a postdated cheque safe?
yes, many indian lenders follow spdc’s lead in this regard. giving a check without the date or the amount written on it is fine. however, please ensure that the cheque is made payable to the correct party and that the recipient’s name is written on it, i.e., the financial institution’s name. give a check just to the financial institution from whom you took a loan, and make sure to make it payable to that institution.
read more about Balance Sheet
how long is a post-dated cheque valid?
when you don’t have enough money on hand on the day the check is issued, but you know you’ll have it on the future date or deadline specified on the check, use posted dated checks. in india, a postdated cheque is valid for three months after the date on the cheque is indicated.
read more about Bank reconciliation
when postdate a check expire?
a postdated cheque is valid for three months after the date on the cheque is indicated. in some others countries it maybe expired after 6 months from issued date.
