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The phrase “postdated cheque in a crashing bank” to describe the Cripps Proposals was coined by Mahatma Gandhi. He used this analogy to express his disapproval of the proposals put forth by Sir Stafford Cripps in 1942, which he felt did not adequately address Indian demands for independence.
Gandhi described Cripps’ offer of dominion status as, “a post-dated cheque drawn on a crashing bank”.
The Cripps Proposals were termed as a “post-dated cheque on a crashing bank” by Gandhiji (Mahatma Gandhi). This was his critique of the proposals presented by Sir Stafford Cripps in 1942, which he believed did not offer any substantial or immediate relief for India’s quest for independence and were insufficient given the circumstances.