BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Post dated cheque
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Blank cheque
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Crossed cheque
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Account payee cheque
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Detailed explanation-1: -A post-dated cheque bears a date later than the date it was issued on. It can only be cashed after the date specified by the payer.
Detailed explanation-2: -"A cheque which is dated subsequent to the actual date on which it is drawn and which is issued before the date it bears is called a Post-dated cheque."
Detailed explanation-3: -Post dated cheque It is a type of crossed or accounts payee cheque but it is post-dated to meet the obligation at a future date. It is valid from the date of the issue up to three months.
Detailed explanation-4: -A postdated check is one that is written with a future date indicated on it. This is usually done to account for an anticipated delay in deposit. For example, you may decide you would like to postdate a check if you are sending in a bill payment earlier than the due date.