Post Dated Cheques definition

Post Dated Cheques. (“PDC”) means the cheques issued by the Borrower in favour of the Lender for repayment of the Loan along with accrued interest.
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Post Dated Cheques. “PDCs” means the cheques issued by the Borrower(s) as per the terms of the Disbursement Letter for Repayment of the Amounts Due payable for the discharge of the obligations of the Borrower(s);
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Post Dated Cheques. (PDCs) shall mean the cheques issued by the Borrower to match the due date of each installment.
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Examples of Post Dated Cheques in a sentence

  • Post Dated Cheques will not be accepted as a mode of payment for application of MICRO SIP.

  • Repayment Instruments: (A) 2 Number of Signed Post Dated Cheques in favor of ““GRAYQUEST FINTREE ESCROW Account”” being taken from the Borrower 1 security PDC required for the balance loan amount in favor of “GRAYQUEST FINTREE ESCROW Account ” If requested by the customer, we will return back a scanned copy of cancellation of this PDC once the loan amount is successfully repaid.

  • SIP Micro SIP (For SIP through Auto-Debit (Direct Debit/ECS/NACH) please fill respective SIP registration cum mandate form)M M Y Y Y YSIP through Post Dated Cheques (Use CTS (Cheque Truncation System) Cheques only)Applicable in case of Third Party Payment:MinorClientEmployeeDistributorM M Y Y Y YPeriod ToFromCheque ToNos.

  • Investor with existing SIP facility through Post Dated Cheques can also avail of this facility by submitting the following documents 30 days before the next SIP Debit date.

  • The Lender shall have the right and sole discretion to revise the EMIs or to revise repayment period or both consequent upon change/revision in interest rate and/or in CHFRR and accordingly fresh set of Post Dated Cheques (“PDCs”) shall be deposited and/or irrevocable NACH/ECS mandate shall be given by the Borrower suo motu for revised EMIs.

  • DDCheque/DD No.Cheque / DD DateDrawn on (Bank / Branch Name)Account Type Please specifySavings Current NRE NRO FCNR Others Systematic Investment Plan (SIP) (Through Post Dated Cheques) MMFrequency (Please ✓) : Monthly Quarterly SIP/Micro SIP Date : 1st 7th 14th * Micro SIP `21st All four dates Installment AmountMMEnrolment Period From ToDrawn on (Bank / Branch Name)Cheque No(s).

  • Applications complete in all respects, may be submitted at the Official Points of Acceptance of HDFC Mutual Fund (the Fund).New investors wishing to make SIP investment will need to complete and submit both the Application Form and the SIP Enrolment Form (for Post Dated Cheques or for Auto Debit/ Standing Instruction as applicable).The Application Form should be completed in ENGLISH and in BLOCK LETTERS only.

  • Investors have choice of three payment options Post Dated Cheques  Direct Debit Instructions Electronic Clearing Services (ECS)  National Automated Clearing House (NACH)Please refer to the Terms & Conditions and Instructions on the reverse of the SIP Registration cum Mandate Form.

  • SIPMicro SIP(For SIP through Auto-Debit (Direct Debit/ECS/NACH) please fill respective SIP registration cum mandate form)M M Y Y Y YSIP through Post Dated Cheques (Use CTS (Cheque Truncation System) Cheques only)Applicable in case of Third Party Payment:MinorClientEmployeeDistributorM M Y Y Y YPeriod ToFromCheque ToNos.

  • Applications complete in all respects, may be submitted at the Official Points of Acceptance of HDFC Mutual Fund (the Fund).New investors wishing to make SIP investment will need to complete and submit both the Application Form and the SIP Enrolment Form (for Post Dated Cheques or for Auto Debit/ ECS/ Standing Instruction as applicable).The Application Form should be completed in ENGLISH and in BLOCK LETTERS only.


More Definitions of Post Dated Cheques

Post Dated Cheques or “PDCs” means cheque(s) to be issued by the Borrower in favour of the Security Trustee as security for the Loan, as specified in the Facility Letter; in such event, the provisions of Schedule B hereto will apply;
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Related to Post Dated Cheques

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Eligible Expenses means expenses incurred for Medical Services rendered with respect to a Disability.

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

  • Leave Year means the year ending with the anniversary date of the employee’s appointment.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.