This post is dedicated from my previous post where i had shared about different types of cheque. Must read it!
This post is a detailed explanation about three kinds of cheque which looks similar but differs by one significant feature ,i.e, Date of Cheque.
These cheques are named as:
These cheques can be Crossed, blank or order in nature. But their nature varies due to date.
So let’s know about their in simpler words.
- POST-DATED CHEQUE:- Like it’s name suggests, this cheque have post dating, or can say have future date. Like if any cheque have a date of next month, then it is post-dated.
This cheque can be issued to supplier in business with future date. But this cheque can be presented only after passing or arrival of the date written in cheque.
Means any cheque with date of next month can be presented to bank only after that particular date.
This cheque can be made when the issuer of cheque have less balance in bank account, but is bound by other party to pay the amount.
- ANTE-DATED CHEQUE:- Antedated means the date entered on any legal contract which is earlier than actual date of occurrance of contract. Cheque also comes under the this defination. So any cheque with past date(not exceeding past 3 months) can be presented to bank for clearence.
Ante-dated cheques can be used when the contract is delayed to avoid unnecessary trouble to party.
- STALE CHEQUE:- As the name suggests, any cheque which is expired, hence not suitable to use. The general time period of validity of cheque is 3 months from date of cheque. So any cheque presented after this expiry period will be considered as stale cheque. Banks generally don’t accept these cheques. So in future kindly deposit your cheques on time.
So this is the detailed explanation of the date-varied cheque. I hope it would be informative.