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Demand Drafts can be taken in any bank branch. All banks have facilities to accept and issue demand drafts. All they need is the details of the person who is going to pay for the draft and the details of the person to whom the draft should be paid to. The bank might charge you a small fee for providing this facility.
What else can I help you with?
Will you get refund for Demand draft taken from SBI?
Will get
Can you return a demand draft taken by you 6 months after issue date?
It is possible either for revalidation or cancelling the draft.
Can you cancel the HDFC demand draft?
I have taken a Demand Draft debiting my S/B A/C in H.D.F.C Bank chennai . My a/c is originally opened at Kolkata. There was no problem as the Bank follows core banking system. Now I want to cancel the said draft. Can I do it in my Kolkata branch.
What s demand draft?
A demand draft is similar to a check. It is usually used as a means of payment of money from one person to another, just like a check. The difference is that, in order to get a demand draft, the person has to visit the bank, deposit the money for which the draft is to be taken and also pay a fee for the same. The draft is as good as cash. Most people prefer accepting drafts instead of checks because, there is a guarantee that the payment will be made.
Can you know the money is taken from demand draft by using the number?
When you take out money, they require a pictured ID and a signature. The number helps
Can a forgein bank draft be deposited in a regular checking account?
Yes you can. All banks accept drafts taken in any widely accepted currency across the globe. However, the time taken to cash the draft is usually longer than the time taken to cash a local currency draft, because the bank has to get the funds from a foreign bank and then only they can credit your account with the money.
Why is demand draft made?
A Demand Draft is a fixed value monetary instrument that is made out in cases where in the party that is receiving a payment for a service wants a guarantee that funds would be available when they try (unlike a cheque/check which can bounce due to lack of funds) to cash it. So to help in such a situation, we have demand drafts. When a draft is taken, the customer taking it will pay the money upfront, so there is no way a draft gets rejected or not paid. Mostly drafts are used when you apply for a college exam or study course etc. where the colleges cannot track if your check bounces.
Who was the last player taken in the nfl draft of 2009?
David Johnson was taken by the Pittsburgh Steelers last overall in the 2009 NFL draft.
How is the supply of money measured and what factors are taken into account in determining its quantity?
The supply of money is measured by the total amount of currency in circulation, plus deposits in banks. Factors taken into account in determining its quantity include the amount of currency printed by the government, the reserves held by banks, and the level of economic activity affecting the demand for money.
Who was the first player taken in the 1985 Major League Baseball Draft?
The first player taken in the 1985 MLB Draft was B. J. Surhoff (Milwaukee Brewers).
What for bank draft?
A Demand Draft is a fixed value monetary instrument that is made out in cases where in the party that is receiving a payment for a service wants a guarantee that funds would be available when they try (unlike a cheque/check which can bounce due to lack of funds) to cash it. So to help in such a situation, we have demand drafts. When a draft is taken, the customer taking it will pay the money upfront, so there is no way a draft gets rejected or not paid. Mostly drafts are used when you apply for a college exam or study course etc. where the colleges cannot track if your check bounces.
Why draft is made?
A Demand Draft is a fixed value monetary instrument that is made out in cases where in the party that is receiving a payment for a service wants a guarantee that funds would be available when they try (unlike a cheque/check which can bounce due to lack of funds) to cash it. So to help in such a situation, we have demand drafts. When a draft is taken, the customer taking it will pay the money upfront, so there is no way a draft gets rejected or not paid. Mostly drafts are used when you apply for a college exam or study course etc. where the colleges cannot track if your check bounces.
