0
A post-dated cheque is a cheque, on which a future date appears and not a current date. For example, if today is 01/01/2012, then a cheque which bears a date (say) 15/01/2012 is a post-dated cheque, till that date (15/01/2012) comes. In other words, till 14/01/2012 this cheque will be considered as post-dated cheque. That is, the future date has not yet arrived (till 14/01/2012). On 15/01/2012, the cheque will be no longer a post-dated cheque, but becomes a current dated cheque.
In India, a cheque should be presented for payment on or after the date that appears on the face of the cheque. This date is also called ostensible date.
A banker cannot a pay a post-dated cheque as he has no mandate to debit the account of the depositor earlier than the date of the cheque. In other words, a post-dated cheque should not be paid and should be returned to the holder with the reason, "Cheuque is post-dated" as the payment of a post-dated cheque is fraught with dangers. Since payment of a post-dated cheque, as per Section of the 10 of the Negotiable Instruemnts Act, 1881, is not a payment in due-course, many banks in India will not make payment of the cheque.
If any defect in the title of the payee is found later, the banker cannot claim protection and should make good the loss to the ture owner.
M.J. SUBRAMANYAM, BANGALORE
What else can I help you with?
University of abeokuta post ume date?
what is the date for the post UME exams
What does post in post date mean?
It means "after".
When is the date for post ume in university of ibadan?
when is the date for post ume in university of ibadan
Is there going to be post UME and when is the date?
UNAD POST UME DATEUNAD POST UME DATE Date of Examination : 1st and 2nd of octoberPurchase of form : From the School premises:Amount of purchase: 3,000KEJI ADEDEJI : 08059246624UNAD POST UME DATEUNAD POST UME DATE Date of Examination : 1st and 2nd of octoberPurchase of form : From the School premises:Amount of purchase: 3,000KEJI ADEDEJI : 08059246624
When is the date of imo state university post ume?
When is the date of imo state univrsity post ume
Post card with 1 cent stamp date of 1914?
post card with 1 cent stamp date of 1911
How do you change the date online?
You cannot change the date online, but you can change the date on your computer. If you post things online with the incorrect date on your computer, then that date may appear online with your post. Each program works differently.
When is post ume date?
check
Can a post-dated check be deposited before the post date?
yes it can be deposited since checks can be posted before their maturity date
What date is the post ume for lasu for year 2008 for micro biology?
Answering "What date is the post ume for lasu for year 2008 for micro biology?"Answering "What date is the post ume for lasu for year 2008 for micro biology?"
When does fut yola post jamb screening date?
post ume 2011
Benin post jamb date for 2008 am asking for Uniben post jamb date?
It is coming up from the 26t of august to 29th. Dare..........
