Are post dated checks legal

Cheques are written or printed in a specific format and in a form that is not easily replicable.

Bank ChequesĪ cheque is defined as an instruction to the bank asking to pay a stated sum from the owner’s account to the cheque presenter or drawer. Let’s lay the foundation by understanding first what a simple bank cheque is. This article addresses the concept of cheques, Post-dated Cheques (PDC) and everything related to it. It’s not their fault, though, as digital payments are the most popular method of payment in this age of technology due to which cheques are used quite less for a deposit or withdrawal of money. It won’t be wrong to say that virtually everyone knows what a cheque is, except for millennials perhaps. Those who are into a business most certainly have come across this important financial instrument in the business world. Virtually every adult today would have come across this instrument while either paying for rent in advance or while finalizing a business deal or home loan.