Later I read in my local paper of a protest cheque made out to the inland revenue by a local farmer? Some banks advise customers at the front of their chequebooks not to write post-dated cheques while many state in bank account terms and conditions that post-dated cheques should not be written However, as this is a competitive matter the banks themselves decide how best to communicate with their customers.
Writing one that bounces could trigger penalties and interest charges. As a bill of exchange a post-dated cheque remains negotiable but it will not become a "cheque" till the date when it becomes "payable on demand".
Article Table of Contents Skip to section Expand. Ms Smith advised that if this does happen to you, you should call your bank, explain the situation and hopefully they will deal with you sympathetically.
What about businesses, surely they rely on post-dated cheques to keep control of their finances?
Payee Jayaram Kumar and not Payee Jayaram Kumar Step 3: Bearer beware: If you are addressing a cheque to a person in particular, write the name accordingly. Rule 1: Always move from left to right: While it's not necessary to move from left to right direction, it just helps your cheque writing task, some method.