[Resolved]  TATA Capital Ltd — PDC CHEQUES DEPOSITED IN ADVANCE

Address:

Pune, Maharashtra

Against businessloan contract no. 3154844, we have have issued post dated cheques (PDC) towards repayment (EMI) for 3rd of every month.
We have observed that the PDC’S (dated 3rd, of every month) are being deposited by them with their bank in one day advance for clearing. That means the cheques are being deposited in clearing on 2nd, of every month. And in case of 2nd, being a Holiday, they are even depositing the cheque on 1st or earlier.
In this connection we have already booked our complaint with them, but they are insisting that cheque will be deposited in such a manner that cheque will hit to our bank on 3rd, of every month.
Our point is that the cheque should be deposited in clearing only on 3rd, (i.e. the date of the cheque) and it does not matter when the cheque hits to our bank.