Post dating cheques illegal
Also, these Cheques are issued to an individual and the bank records this information. Outstation cheques Based on its value they are classified as 1. High Value cheques Cheques r mainly of four types 1)open 2)bearer 3)order 4)crossed 1)…You may have to wait to cash the check until after payday since your payday falls on a day when banks are closed.In such an instance, your employer did not post date the check for a date after payday, but you could not cash your check until after payday. No one else is authorized or rather supposed to print Cheques.HOWEVER - there is no guarantee that these postdated checks won't be immediately presented for payment on demand, REGARDLESS of the date on them. travellers cheques do not have to be cleared, this only applies to regular cheques.