Hi
Actually I need to ask about how safe is a post dated cheque. I am a tenat and my flat owner is asking for rent in form of post dated cheques. So is it safe. What if he encashes it before the due date mentioned. I searched net and found many such cases. So need to just seek your kind advice on the same. Personally I am a bit jittery about these post dated cheques and have also heard that RBI has issued a circular to do away with PDC system. Please advice.
Thanks in advance