Check Rules: There are many types of cheques. In such a situation, before giving or issuing cheques, you should know some important things. Let us know about the three types of cheques-
Lakhs of people in the country use checks for money transactions, so it has become a popular means of banking payment. However, it is necessary to take some precautions while making payment by cheque. Often people are confused about the check and the methods of payment by them.
0There are many types of bank checks and they are used for different purposes. Have you ever heard about stale and post dated cheques? Often people have some confusion regarding the difference between these two checks. Let us remove this trouble of yours.
Post Dated Cheque
Post dated checks means such checks which are issued for a date after a few days. This is a crossed payee or account payee cheque. Whatever be the date of the cheque, it remains valid for the next 3 months from that date.
Post dated checks are best when you do not have sufficient funds available at the time of issuing the cheque, but are confident that you will have the funds on the date or deadline specified on the cheque.
Stale Cheque
Stale cheques, are such checks which are not encashed for the next 3 months from the date of issue. In such a situation, they expire. When a person hands over a check to the bank for payment after the expiry of the period, the bank does not pay it. An expired check is called a stale cheque.
Ante-dated Cheque
Anti-dated cheque, which is issued on a post-dated date. If there is 3 months validity left of such a cheque, then it can be given in the bank for payment. Remember that ant dated check should not be issued on such an old date that it is no longer valid, because checks are usually valid for 3 months after issue.
Old Pension Scheme: Movement of employees came in handy, now old pension scheme will be available
