3 Comments

  1. nehavermaaFebruary 25, 2018

    What is the difference between stale check and post dated cheque?

    Reply
    1. PrenikaFebruary 25, 2018

      Usually cheques have a negotiable period of 6 months plus one day from date of writing the cheque. But if it is presented after this period, then that cheque becomes stale.
      Whereas post-dated cheque is written for future period. Like if I give someone cheque with a date 1st march(which is future date). Now this cheque will not be cleared until this written date arrives. Means the cheque will not be cleared by bank before 1st march.
      There is one more cheque called ante-dated cheque which is like a regular one where 25th Feb dated cheque is deposited to bank at 1st march(example)

      Reply
  2. […] post is dedicated from my previous post where i had shared about different types of cheque. Must read […]

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