PDC Abbreviation

Looking for PDC abbreviation? We have got you covered in this guide. We have listed down different possible abbreviations of PDC in various groups like Banking, Academic & Science, Medical, Computing, Networking, and Business.

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Popular abbreviations of pDC:

Searching for pDC abbreviation / pDC full form leads to different results in different categories. The below table illustrates the popular acronyms among them.

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What does PDC mean?

The Full form of PDC is Post-dated cheque. This is a term used commonly in the banking sector and other financial sectors. Though a post-dated cheque may seem to be irrelevant to a general user, businessmen and finance-related professionals find post-dated cheques quite handy.

In this article, we will describe what post-dated cheques actually are and all other aspects related to them.

What is a PDC or post-dated cheque?

A post-dated cheque is a special type of cheque that comes with a future date on it while being issued. Conventionally, issuers are supposed to mention the current dates on cheques while issuing them. However, the process is completely different for a post-dated cheque.

Usually, users write current cheques to withdraw money on the same date. Contradictorily, a post-dated can’t be drawn on the same day on which that is written. That’s why these special types of cheques are known as post-dated cheques.

The process of writing a post-dated cheque

Factually, a post-dated cheque doesn’t differ from a current cheque except for the date mentioned in it. You are supposed to fill in your account details and amount in a post-dated cheque as you fill a current cheque.

The only difference lies in the date section. For a current cheque, you need to write the present date in the date slot of the cheque. On the other hand, you should mention a preferred future drawing date on the date slot of a post-dated cheque. That’s how you make the PCD valid only after the specific date mentioned on it, not before that date.

The basic purpose of issuing a post-dated cheque

The primary objective behind issuing a post-dated cheque is setting a preferred drawing date. With a post-dated cheque, you prompt the recipient to draw the cheque on a particular date. Of course, the date should be mentioned in the date slot of the cheque. No matter when you have issued the cheque, the recipient can draw it on the mentioned date only. That’s how you issue these cheques.

Conditions liable for issuing PDCs

No wonder you are curious about the possible reasons for issuing PDCs. Aren’t you? Well, check the following points to know them-

• Firstly, insufficient funds contribute to issuing PCDs. Normally, companies and individuals lack funds for business transactions at times. Didn’t your cheques bounce due to insufficient funds? Well, that’s normal. PDCs eliminate such risks. You can allot a particular drawing time and avoid bounce charges with post-dated cheques.
• A post-dated cheque comes in handy during issuing a cheque in advance. Suppose you are planning to make a payment shortly. In such a case, you can issue a PDC for the payment. That way, you can schedule payments with PDCs.

How long is a post-dated cheque valid?

The validities of post-dated cheques aren’t fixed. It depends on the country you’re living in. In India, a post-dated cheque is considered valid till 3 months after the due date. The time is different for other countries.

The best alternatives to post-dated cheques

Despite being a convenient option, post-dated cheques aren’t the only choices. Then what are the alternative options? Let’s check them out-

• You can schedule future payments with net banking facilities. All standard banks offer them. In this process, you can schedule a payment on your preferred future date. Apart from this, you can utilize mobile banking as well. That makes payments more convenient and hassle-free for you.
• You can also access AEC. Aren’t you familiar with the term? Well, it refers to automatic electronic payments. Anyway, don’t go for this unless you trust the recipient completely. Users get scammed often with this method.

A lot of new features are about to come as alternatives to PDCs. The present digital era of banking and finance announces that clear and loud.

So, you were supposed to know all these about post-dated cheques. No doubt that they are friendly options for payment transactions. Payment safety with post-dated cheques is beyond doubt. If you haven’t tried using them yet, do that as soon as possible.