What is the meaning of ante dated?

1a : to date as of a time prior to that of execution. b : to assign to a date prior to that of actual occurrence. 2 archaic : anticipate.

What is the difference between ante dated Cheque and post-dated cheque?

After the 20/04/2020 date, it will be considered as a stale cheque and it will not be honoured by the banks. When you write a date on a cheque that is older than the date on which it is delivered to the bank, a cheque is considered an Ante dated cheque.

What is the meaning of dated Cheque?

In banking, a post-dated cheque is a cheque written by the drawer (payer) for a date in the future. In the United States and the UK, post-dated cheques are negotiable instruments and can be drawn upon at any time, while in India and Australia post-dated cheques are not payable until the date written on the cheque.

What makes a cheque stale dated?

Cheques are considered stale-dated after six months, unless it is a certified cheque. A stale-dated cheque means that the item is old, and not necessarily invalid. Financial institutions may still honour these items, but there is no obligation to do so.

What does Scelrotic mean?

1 : being or relating to the sclera the sclerotic layer of the eye. 2 : of, relating to, or affected with sclerosis a sclerotic blood vessel.

Is ante a prefix?

a prefix meaning “before,” used in the formation of compound words: anteroom; antebellum; antedate.

Is ante dated cheque valid?

Ante-date is an earlier date. Such a cheque is valid since the validity of a cheque is six months from the date of issue of the cheque.

Is it legal to issue post dated Cheques?

Enforceability of Post Dated Cheques as per Section 138 Post-dated cheques are those cheques which are issued by the payer to the payee but one can draw them only on a future date. So, they are enforceable as a negotiable instrument only when it becomes payable on demand.

Can I deposit a two year old check?

Banks don’t have to accept checks that are more than 6 months (180 days) old. However, banks can still choose to accept your check. Sometimes banks will still process an old check as long as the institution believes the funds are good.

How long before a check is stale dated?

Personal, business, and payroll checks are good for 6 months (180 days). Some businesses have “void after 90 days” pre-printed on their checks. Most banks will honor those checks for up to 180 days and the pre-printed language is meant to encourage people to deposit or cash a check sooner than later.

What is ante-dated cheque?

Ante-dated Cheque: A cheque containing a prior date, is called an ante-dated cheque. Bank honours cheques until three months to the date mentioned. Banker’s Cheque: Otherwise called a pay order, it is a non-negotiable instrument, which is issued by the bank on behalf of the customer, which is payable in the same city.

When is a cheque considered to be out of date?

If the cheque in your possession is more than three months old as on date by taking into account the date written on the cheque, then it is out of date that is “ante-dated” and as such it is not current for payment by the bank.

What is stale cheque and post-dated cheque?

Stale Cheque: A cheque bears a date and is valid up to three months of the stated date. If a cheque is presented before the bank, after the expiry of the reasonable period, i.e. three months after the date, then it is called stale cheque. Post-Dated Cheque: When a cheque is drawn containing a future date, it is called post-dated cheque.

What is the validity of a post-dated cheque in India?

The validity of a post-dated cheque in India is 3 months from the date specified on the cheque. Likewise, each nation has unique laws about the issuance and authenticity of a post-dated cheque. What is a Stale Cheque? When an individual hands it to the bank for payment after it has expired, a cheque is considered to become stale.