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Can you return a demand draft taken by you 6 months after issue date?
Wiki User
∙ 10y ago
It is possible either for revalidation or cancelling the draft.
Wiki User
∙ 10y ago
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How many days a demand draft issued in SBI is valid?
Normally a Bank Demand Draft is valid for 6 months from the date of issue.
How do you write Letter for issue of demand draft?
how to write letter for demand draft issue
What is the validity of demand draft issued by united bank of India?
It is valid for 6 months from the date of issue.
Can a bank issue bearer demand draft?
no,because bearer draft is like a currency which can be issue only by rbi hence cant be issue bearer
Can stop payment of demand draft is possible in India?
To stop demand draft is difficult. A payee can only issue a complaint if draft is lost or destroyed. The issuer bank can then submit a lost or stop payment against the draft and will often re-issue a new one.
For what name you have to issue demand draft for karnataka cet?
Demand Draft should be drawn in favour of the "Special Officer, CET Cell, Bangalore", payable at Bangalore.
What is difference between manager's cheque and a demand draft?
manager's cheque is issue by you and bank draft is issue by bank on behalf of the customer And the money is more secured.
Can the bank issue open demand draft without crossing?
yes, if it is below Rs.20000/-
What is Demand draft in banking?
A Demand Draft is similar to a bank check but with a small difference. In case of a demand draft, the customer pays the money upfront to the bank along with a small fee so that the bank can issue the draft for the mentioned amount. The draft is equivalent to cash and can be converted to cash by the person to whom it is issued. This way, the person who gets the draft can be sure that he will get paid 100% of the money due him.
Can you cancel the Demand Draft?
If you want to cancel a draft which is with you just take it to your banker, stick a revenue stamp on the back, sign it over and it will be canceled. Walk in to the branch where you got your demand draft and tell them that you want the draft to be canceled. They may ask for a written request and once you submit it, they will cancel the draft and credit the money into your account. Remember: The commission you paid for getting the DD would not be refunded. you can go to any branch of the bank as these days the banks have centralized computer sourses and the DD's are cancelled only 3 months from date of issue
What is the procedure if the Demand Draft is lost?
You can do something about the lost draft if you have the demand draft number. visit the branch where you took the draft and provide them the draft number. Also give them a letter with the draft details (on whose name you took the draft, the date, draft number, amount, payable city etc) and tell them that the draft is lost. As a first step, ask them to block the draft so that, the draft cannot be cashed by someone. As the next step, ask them to either cancel the draft and pay you money or re-issue a fresh draft.
What is procedure if the demand draft is lost?
You can do something about the lost draft if you have the demand draft number. visit the branch where you took the draft and provide them the draft number. Also give them a letter with the draft details (on whose name you took the draft, the date, draft number, amount, payable city etc) and tell them that the draft is lost. As a first step, ask them to block the draft so that, the draft cannot be cashed by someone. As the next step, ask them to either cancel the draft and pay you money or re-issue a fresh draft.
