Pls explain the details of post dated cheque and pre dated cheque
2006-10-18 22:46:30 · 11 answers · asked by MOHAMMED SANNU 1 in Business & Finance ➔ Personal Finance
simple English applied here , post its majorly used for security purpose and pre-dated means when the date given on cheque lapsed its pre dated and be warned validity of cheque from its date is 6 months
2006-10-18 23:48:34 · answer #1 · answered by easygoin_4u 2 · 0⤊ 0⤋
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What is the meaning of post dated cheque and predated cheque?
Pls explain the details of post dated cheque and pre dated cheque
2015-08-20 21:13:49 · answer #2 · answered by Zita 1 · 0⤊ 0⤋
Post Dated
2016-10-05 10:40:00 · answer #3 · answered by ? 4 · 0⤊ 0⤋
First of all there is no such thing like 'Pre dated Cheque'.
Post dated cheque is a cheque that is issued with a future date in it. We can use it only on or after the particular date mentioned in the cheque.
2006-10-18 23:04:39 · answer #4 · answered by ? 6 · 2⤊ 1⤋
Example of a pre-dated cheque is the date on the cheque is written on the same day you receive but you intend to bank in the cheque not on the day itself perhaps few days later but be reminded that pre-dated cheque is valid for 6 months in Singapore. However, it is advisable to bank in the cheque immediately upon receive to avoid stolen / lost.
Example of a post-dated cheque is the date on the cheque is written 7 days later to a maximum of 3 months perhaps.
Whatever it is, take good care of the cheques.
2006-10-18 23:00:46 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Post dated cheque:
You cannot present the cheque to your Bank or any Bank till that date. At the same time it is not reliable. The person who gave that cheque, makes you to beat around the bush. He is just stalling time to send you to ditches. 99% the cheque is going to bounce. The Bank gives you an endorsement: INSUFFICIENT FUNDS.
PREDATED CHEQUES:
May be reliable and it may not bounce.
But you should know that the person who has given the cheque is reliable person.
Can't say it will not bounce. You have to make it clear.
You shall have to be having a hunch that the cheque will not bounce.
Either way you are in confusion and forced to court for many years.
You have to ask those people to accompany you to Bank and draw the amount.
Otherwise, they send you to dogs.
2006-10-20 19:56:27 · answer #6 · answered by Anonymous · 1⤊ 1⤋
Post dated cheque means submitting cheque today but it will be en-cashed later on, i.e. on the date marked on the cheque. Pre-dated means I have got a cheque for 15.10.06 and encashing it on 19.10.06.
2006-10-18 22:57:30 · answer #7 · answered by SHAMBHU P 1 · 0⤊ 0⤋
I assume you mean "check" instead of "cheque" -- When you post date a check -- you date your check several days or a week ahead of the day you are writing it with the idea that it will not be cashed or credited until the date written on the check. There is really no purpose of writing a pre dated check -- but it means to write a check several days or weeks before the date your are writing the check. Someone may recommend the predated check so that you will not be penalized for not being on time. This may not be a habit you want to start.
2006-10-18 22:49:43 · answer #8 · answered by JB 4 · 0⤊ 1⤋
predated is a cheque received with a date that is earlier than the current date.
i.e 01/01/01 WHEN the date today is 05/01/01
Post dated is the opposite, i.e if today is 01/01/01 the post sated cheque might read 05/01/01.
You cannot deposit a post dated cheque until that date.
An easy way of remembering is to think of time: PM means POST meridian - AFTERnoon. So the date on the post dated cheque is AFTERtoday.
2006-10-18 22:56:31 · answer #9 · answered by byrne4u2002 2 · 1⤊ 0⤋
Dated Definition
2016-12-11 17:26:22 · answer #10 · answered by Anonymous · 0⤊ 0⤋