<P> In banking, post-dated cheque is a cheque written by the drawer (payer) for a date in the future . </P> <P> Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country . A Canadian bank, for example, is not supposed to process a post-dated cheque and if it does so by mistake, the cheque writer may ask their bank to correct the error . In the United States and the UK, post-dated cheques are negotiable instruments and can be drawn upon at any time, while in India and Australia post-dated cheques are not payable until the date written on the cheque . </P> <P> Under Australian law a post-dated cheque is valid under the Cheques and Payment Orders Act 1986 . </P>

Difference between post dated cheque and current dated cheque