On 15/01/2012, the cheque will be no longer a post-dated cheque, but becomes a current dated cheque.In India, a cheque should be presented for payment on or after the date that appears on the face of the cheque. A banker cannot a pay a post-dated cheque as he has no mandate to debit the account of the depositor earlier than the date of the cheque.In banking, post-dated cheque is a cheque 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.A postdated check is a check that has a date in the future for when it can be cashed.People may use post-dated checks with a variety of service providers.Some states, including California and Georgia, place responsibility on check writers to ensure their checks are not cashed or deposited too quickly.
For example, if today is 01/01/2012, then a cheque which bears a date (say) 15/01/2012 is a post-dated cheque, till that date (15/01/2012) comes.
Punishment for perpetrators varies from state to state, but includes fines, probation and imprisonment, depending on the severity of the fraud, as well as restitution to the person, people or entity defrauded.
If you want to write a postdated check just hoping it won't be cashed before a certain date, check your state's law first.
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 his or her 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 post-dated cheques are not payable until the date written on the cheque.