Bank related query!

Issuing Post dated cheque is not a fault.

The chq was dated 5th April,but it was presented for payment on 28th March.

In this case the cheque should be returned with reason "Post Dated Instrument",but not with reason of "insufficent funds"

Debiteing the account for cheque retun charges vary form bank to bank.

Plase check the return memo for what reason cheque was returned.

Take the issue to bank manager ,If debited wrongly ther will credit back the charges.

The supplier can once again present the cheque for payment on or after 5Th April.

In this case it seems to be the negligence of  propriter bank.

It is advisable to present the cheque through clearing house.

Its  Proprietor's bank's fault, as they cannot dishonour the cheque before the date mentioned on cheque.,

at first, Supplier's Bank cannot send the post dated cheque for clearance.., and even if proprietor's bank received the cheque on 28th march, they shd have tried to retain it upto 5th April,

and further, in this case, bank has no right to debit chq return charges.., account holder can ask for re crediting the charges to his account.

for more details, you can check the following link.., hope it may help you..

/articles/critical-study-of-dishonour-of-cheques-under-negotiable-instruments-act-1881-10283.asp

Originally posted by : Harini
	they shd have tried to retain it upto 5th April

Retention of chq is not possible in all cases.

If presented before chq date ,it should be returned reason :"Cheque is Post dated"
 

Originally posted by : Rajesh
	Originally posted by : Harini  they shd have tried to retain it upto 5th April   Retention of chq is not possible in all cases. If presented before chq date ,it should be returned reason :"Cheque is Post dated"

agreed,