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 6 Replies

SIVARAMAPRASAD KAPPAGANTU (Retired Manager)     08 April 2020

Yes, Bank can accept. However now with the advent of ECS this has become redundant.

Kishor Mehta (CEO)     08 April 2020

NO, a bank can not accept a post dated cheque and no bank will.

Avinash Mourya   08 April 2020

Can you please give me reference for the rule or circular which barred bank from a accepting PDC?
1 Like

P. Venu (Advocate)     08 April 2020

What are the facts? Please post material facts.

Kishor Mehta (CEO)     08 April 2020

You may refer RBI guidelines for banking regulations.

Dr J C Vashista (Advocate)     10 April 2020

PDC is acceptable to the financer Banker for future EMI, otherwise "no".

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