Faiyaz Unia

a month ago

anybody can explain what is Security post-dated cheques?

1 comment

Let’s keep Yocket clean, warm and supportive. Kindly adhere to our Community Guidelines when sharing posts.

Profile Image

Arjun Aravind

a month ago

SPDCs are cheques written by the drawer (payer) for a date in the future. Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country. Usually banks take this as an assurance in case you default on your loan. See more