Management of Post-Dated Cheques Made Easy

The complex nature of work associated with the storage and presentation of Post-Dated Cheques (PDC) becomes a tedious exercise and a drain on your company's resources. Alizz Islamic Bank’s Post Dated Cheques (PDC) Warehousing Services include safekeeping of post-dated cheques until the arrival of the cheques’ realization date; ensuring timely deposit of the same; and maintaining a detailed report for the date of cheque presentation and realization.

• It’s Secure. Your PDCs are kept with us, ensuring the safety of your cheques.
• It’s Convenient. You no longer have to worry about keeping track of PDC due dates. Let us manage and monitor your PDCs.

• In order to avail our PDC Warehouse services, you need to maintain a Current and/or Call Investment Account (Mudaraba) with the Bank.
• You must select a specific branch to be your maintaining branch for the PDC Warehouse services.
• You may avail of the PDC Warehouse services only from your maintaining branch.
• You shall assign a specific Account to which the PDCs shall be deposited and funds credited upon realization.

As part of the Post Dated Cheques Warehousing Services, you will be charged the following service fees:

• Warehouse Fee for all cheques as a one-time cost: 1 OMR for each cheque submitted
• Cheque clearing charge per cheque for each presentation for clearing/collection: 2 OMR for each cheque sent for clearing
• All fees and charges will be paid via debit from the account assigned by you.