Site

Law Courses

Decode Ballistic Reports Like a Pro. Register Now!

LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Avinash Mourya 07 April 2020

Pdc ( post dated cheque) acceptance rules

Can a bank accept a PDC before a date mentioned on it?

Quick Summary

This discussion explores the rules surrounding the acceptance of post-dated cheques (PDCs) by banks. While historically banks might have accepted them, current practice and the rise of electronic payment systems like ECS have made this less common. The consensus suggests banks generally cannot accept a PDC before its stated date, though specific exceptions might exist for financing arrangements.

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".

.

Recent Topics

Related Threads

Start a New Discussion Unreplied Threads

Laws

Follow us

Popular Discussion

Browse by Category

Member Strength 1025795 and growing..

© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.