Question of The Day30-07-2021

What is an ante-dated cheque?

Answer

Correct Answer : b ) Cheque is written by drawer and dated at some date in past but not expired.

Explanation :

If the issuer of the cheque mentions a date earlier than the current date on the cheque, it is called ante dated cheque.

Post-dated cheques: There is a later date for encashment of such cheques. If the holder wants to encash the cheque immediately after receiving the cheque, the bank will process the payment only on the date mentioned in the cheque. The cheque is valid only after the mentioned date on it, not before the date.

Hence, option (b) is correct.

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