In Bangladesh, under the negotiable instruments act, 1881 section 21C A promissory note, bill of exchange or cheque is not invalid by reason only that it is anti-dated or post-dated.In Brazil, the drawer may seek damages in Justice if their cheque is cashed in before its due date, according to the jurisprudential orientation of the Superior Court of Justice, as per Summary No. Under the clearing rules of the Canadian Payments Association, a post-dated cheque cannot be cashed prior to the date written on it. In India the issue is complex and mainly revolves around article 138 of the Negotiable Instruments Act, [email protected] In the example you gave, it is correctly returning false.The function example is comparing a string to a known date format.It is an agreement but banks do want to catch it and not process it.
When you post-date a check, you put a future date on the check with the idea that the recipient does not deposit it until that written date. So, I post-date the check so that the check recipient knows not to deposit that check until that date.
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.
Checks or cheques are commonly used in Dubai, Abu Dhabi, and UAE for bill payments but less frequently for day to day shopping.
Bouncing a cheque in the UAE is known as check fraud and is a criminal offence that can (and often does) result in arrest and a jail sentence as punishment.