What is the difference between post-dated cheque and ante dated Cheque?

After the 20/04/2020 date, it will be considered as a stale cheque and it will not be honoured by the banks. When you write a date on a cheque that is older than the date on which it is delivered to the bank, a cheque is considered an Ante dated cheque.

What is ante dated Cheque meaning?

From Wikipedia, the free encyclopedia. In banking, antedated refers to cheques which have been written by the drawer, and dated at some point in the past.

What is the difference between antedate and postdate?

As verbs the difference between postdate and antedate is that postdate is to occur after an event or time; to exist later on in time while antedate is to occur before an event or time; to exist further back in time.

What is ante dated Cheque example?

For example, a check is drawn on the 10th of July 2000 but if the date is written as the 1st of July 2000, then it will be called an Antedated Check. Another example, supposing today is 14th Jan 20xx, and a cheque is dated 13th Jan 20xx, then it is an ante-dated cheque. ‘Ante’ means earlier.

What does ante dated mean?

An antedate is a date entered on a legal contract or check before the actual date of occurrence, also known as a”backdate.”

What does ante-dated mean?

Why are post dated Cheques used?

A post dated check is a check on which the issuer has stated a date later than the current date. It is used when the issuer wants to delay payment to the recipient, while the recipient may accept it simply because the check represents a firm date on which it will be able to deposit the check.

Is a post dated check legal?

Postdating a check is done by writing a check for a future date instead of the actual date the check was written. It is legal for an individual to postdate a check, as well as for a bank to cash or deposit it. …

Is ante date legal?

Antedating documentation and legal contracts are other realms of financial transactions in which antedates may be used. There are instances where antedating may be a part of the procedural requirements leading up to final execution. In other cases, antedating may be illegal and should be done with caution.

Is ante dating or post dating an instrument illegal?

Ante-dated and post-dated. – The instrument is not invalid for the reason only that it is ante-dated or post-dated, provided this is not done for an illegal or fraudulent purpose. The person to whom an instrument so dated is delivered acquires the title thereto as of the date of delivery. Sec.