What is ante dated Cheque example?

For example, a check is drawn on the 10th of July 2000 but if the date is written as the 1st of July 2000, then it will be called an Antedated Check. Another example, supposing today is 14th Jan 20xx, and a cheque is dated 13th Jan 20xx, then it is an ante-dated cheque. ‘Ante’ means earlier.

What is post-dated and ante dated Cheque?

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. For clearance or deposit, any cheque with a previous date that is not exceeding 3 months may be presented to the bank.

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.

Is it illegal to stop a cheque?

This is because, technically, there is no defence to stopping a cheque. Once the cheque has been signed and handed over, then a legally binding contract has been entered into and the payer has to honour the debt. If the cheque is stopped or is returned unpaid for whatever reason, a good cause of action arises.

What is difference between cDC and pDC?

The post-dated cheque is the cheque on which a date is written by the drawer which is later than a present date, and can be honoured only when the date arrives. A stale cheque contains a date, i.e. three months or more, in the past. On the other hand, a post-dated cheque contains a future date.

How long is a dated Cheque valid for?

six months
Technically speaking, cheques don’t have an expiry date. But, in practice, banks will usually reject a cheque if you try to pay it in or cash it more than six months from the date of issue – that’s the date written on the cheque.

When can I deposit a post dated Cheque?

Postdated checks are checks written with a future date. Postdated checks can usually be cashed or deposited at any time unless the person who wrote the check specifically told their bank not to honor the check until a certain date.

Is the date on a cheque current or ante-dated?

If you write the date on your cheque as 07/10/2016 it is current date or the date of issue. If you write the date as 06/10/2016 it is ante-dated and is valid only for 3 months from the date of issue.

What is the difference between a cheque and a postdated check?

Post means after. Ante means before. A post dated check is one that has a date on it later than today. You cannot cash it until that date. A antedated check is a regular check. It was dated earlier than today and can be cashed immediately. Cheques are substitutes for cash. Instead of carrying large amounts of cash around, people use cheques.

What is an antedate in accounting?

1 An antedate is a date entered on a check or legal contract that is prior to the date of entry on the check or document. 2 For example, a “backdated” check dated July 1, but written on July 4, is an antedate. 3 An antedate can be a category for several important dates associated with various types of investments, like stocks.

Can a post dated cheque be encashed in India?

Say for example if you write the date as 20/01/2017 , it is a post dated cheque and can be encashed / sent in clearing only on or after 20/01/2017. Post dated cheque is prohibited under section 68 of Indian Stamp Act.