Post Date Check: What is post date check? Know the validity, advantages and disadvantages of PDC...

Post Dated Cheque: Post Dated Checks (PDCs) are those checks which are issued by indicating a future date. The amount written on the check cannot be transferred until the date written on the check has passed. The validity of these checks ranges from the face amount to three months. The rules for writing post dated cheques are the same as for writing regular cheques. In place of date only future date is written instead of present.

Why issue post dated cheques?
-If you do not have sufficient amount at present but want to be assured of paying the amount in future, you can do so by post date cheque.
-With the facility of post dated cheque, you get many services without money even in case of emergency.
-If you are entering into a deal but you are not residing in that city at the time of its completion, you can sign a post-dated check in the name of the person concerned in advance so that any payment will be made on your behalf as soon as the deal is completed. Don't be late.

However, before signing the PDC, make sure that on the date on which the check is being written, you have the same amount in your account as you have written in the check. Otherwise, in case of check bounce, you can face heavy fine or you can also be jailed.