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What is issuer's liability after issuing a Post-Dated
Cheque, if the beneficiary presents to his bank before the
cheque date and my bank dishonours this? Can my bank also
charge me penalty on this?
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Answer / kanika
yes, bank will charge panelty. because its a transaction
between you and cheque holder. bank is not involve
anywhere. you own account with bank and bank knows you
only...so weather its mistake of cheque holder...bank
charge you for this. so you have to make sure that to whom
you are giving cheque should follow the rules & regulations.
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