What is ante dated Cheque meaning?

From Wikipedia, the free encyclopedia. In banking, antedated refers to cheques which have been written by the drawer, and dated at some point in the past.

What is the difference between antedate and postdate?

As verbs the difference between postdate and antedate is that postdate is to occur after an event or time; to exist later on in time while antedate is to occur before an event or time; to exist further back in time.

What is a bearer cheque?

A bearer cheque is the one in which the payment is made to the person bearing or carrying the cheque. These cheques are transferable by delivery, that is, if you are carrying the cheque to the bank, you can be issued the payment to.

What is difference between bearer cheque and open cheque?

Originally Answered: what is the difference between bearer cheque & open cheque? A CHEQUE CAN BE A BEARER OR ORDER CHEQUE. A bearer cheque can be paid by mere delivery to the person who presents the cheque. No endorsement is required in case of a bearer cheque.

What happens if a cheque is post-dated?

A “post- dated cheque” is only a bill of exchange when it is written or drawn, it becomes a “cheque” when it is payable on demand. As a bill of exchange a post-dated cheque remains negotiable but it will not become a “cheque” till the date when it becomes “payable on demand”.

What is ante dated post-dated instrument?

12. Ante-dated and post-dated. – The instrument is not invalid for the reason only that it is ante-dated or post-dated, provided this is not done for an illegal or fraudulent purpose. The person to whom an instrument so dated is delivered acquires the title thereto as of the date of delivery. Sec.

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 ante dated or post dating an instrument illegal?

Ante-dated and post-dated. – The instrument is not invalid for the reason only that it is ante-dated or post-dated, provided this is not done for an illegal or fraudulent purpose. The person to whom an instrument so dated is delivered acquires the title thereto as of the date of delivery.

What is meant by bearer cheque and order cheque?

An order cheque is one that can only be paid to a particular payee, who can only pass the cheque to another person by signing his or her name behind it. Whilst bearer cheque does not requires you not to cancel the printed words ‘bearer’ on the cheque, just to fill the amount you want withdrawn.

What are the different types of cheque?

The ten types of cheques include:

• Bearer Cheque. A bearer cheque is the type of cheque that allows the person bearing or carrying the cheque to the bank to receive the payment specified on the cheque.
• Order cheque.
• Crossed cheque.
• Open cheque.
• Post-dated cheque.
• Stale cheque.
• Traveller’s cheque.
• Self cheque.

What are the two types of cheque?

What are the types of cheques in India?

• Bearer Cheque. A bearer cheque is the type of cheque that allows the person bearing or carrying the cheque to the bank to receive the payment specified on the cheque.
• Order cheque.
• Crossed cheque.
• Open cheque.
• Post-dated cheque.
• Stale cheque.
• Traveller’s cheque.
• Self cheque.

Is a post dated check legal?

Postdating a check is done by writing a check for a future date instead of the actual date the check was written. It is legal for an individual to postdate a check, as well as for a bank to cash or deposit it. …