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Normally no bank will pay a post dated cheque, as payment of a post-dated cheque does not amount to payment in due course (Section 10 of the Negotiable Instruments Act, 1881) and if it pays the bank run the risk of payment being stopped by the drawer before its presentation on the due date. In addition to this, a banker has NO mandate to debit the accounty of the depositor before the due date. Hence normally a bank will not pay a post-dated cheque.
However, if the salary of, say, college /school teachers, etc., are being received every month by a bank for creit of the accounts of the school/college teachers, in some extra ordinary cases, the bank may take a calculated risk and pass the cheques if it knows that their salary will be realised after a few days. It all depends on the decision of the branch head and the amount of risk he would like to take and the type of relations exist betweeen the teachers and the bank people.
M.J.SUBRAMANYAM, XCHANGING, BANGALORE
Wiki User
∙ 11y ago
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What bank is the mass unemployment check drawn on?
Sovereign bank
Give examples of mass?
A book is an example of mass because mass is a measurement of how much matter is in an object.
Can you exchange gift cards for cash through coinstar?
Yes and no. First, since late June 2013, the company is now known as Outerwall. Second, when they were still called Coinstar earlier in 2013, they began experimenting with exchanging gift cards for cash-- it is not clear how widespread this experiment is, nor whether it is still going on, but according to their website, "The amount refunded in cash to consumers depends on the type of gift card and is primarily driven by how easily that gift card can be resold to another consumer. For example, a gift card to a grocery store, gas station, or mass merchant is more desirable than a smaller or specialty retailer. The card holder can typically expect to receive 65%-85% of face value on one of these cards."
WHAT are the advantages of personalized savings account?
u will get a mass erection u will get a mass erection
The relationship between mass media and society?
Mass media is intended to reach the masses within society. The more people mass media reaches, the more impact it has on the audience.
How do i get cash for a junk car in mass?
Contact your local auto wrecking yard.
What bank is the mass unemployment check drawn on?
Sovereign bank
What procedure is used to find the mass of sand?
Check the link.
What has the author Dirk Hachmeister written?
Dirk Hachmeister has written: 'Der discounted Cash Flow als Mass der Unternehmenswertsteigerung' -- subject(s): Corporations, Discounted cash flow, Valuation, Finance
Where can one find a book to record cash transactions?
A book to record cash transactions, or journal, can be found in any office supply store such as Staples or OfficeMax. Many mass retailers will carry them as well.
What is the value of a Forehand arms Co of Worchester Mass hand gun Dated between 1886-1887?
10-1000 USD depending on specifics
What is the ratio of the mass proton to the mass of an ELECTRON?
Dunno, but the ratio of the mass of a proton to the mass of what prople think of as being an electron is approx 1980. I'd check that if I were you though. Probably OK to +- 5%.
How would you check that a pencil would have a mass of less than 1 kilogram?
You would weigh it using a mass balance.
You have some silver tea sets from pathpoint mfg new bedford mass number on bottom says 345?
i have tea sets dated 1900 from pathpoint mfg. new bedford mass. with the numbers on the bottom that say 345
What mass flight of religious dissidents?
The Great Puritan Migration in the 1630s was a significant mass flight of religious dissidents from England to North America seeking religious freedom and independence from the Church of England. Thousands of Puritans settled in the Massachusetts Bay Colony during this period.
What does code P0101 mean for a 1999 Kia Sportage?
This is a mass air volume problem. Check the air filter first. This is a mass air volume problem. The first thing to check is the air filter.
What is the value of a forehand arms co of Worcester Mass double barrel shotgun model GG dated May 18 32?
50-100 USD
