What is the post- dated cheque?



What is the post- dated cheque?..

Answer / Vivek Kishor

A post-dated cheque is a financial instrument where the date written on the cheque (the 'date of cheque') is later than the date it is being presented for payment. This means that the issuer of the cheque authorizes the bank to encash or withdraw funds from their account only on the specified future date.

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