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what is the procedure for the cancellation of demand draft? what is the procedure for the cancellation of demand draft?
I have a further query that whether a Demand draft made at kota, rajasthan be cancelled at lucknow, up. If so what would be the charges on it?
No
A Demand Draft can be cancelled at the same branch from where it was issued. The applicant needs to provide a letter along with the original Demand Draft for cancellation.
From To Sub : Requisition for Cancellation of DD. I request you to kindly cancel the attached Demand draft bearing No : ______ purchased on _____ from your bank and charges if any shall be paid by cash. Thanking you, Yours faithfully, (Name) Encl : Original DD
49000
since you pay commission charges for the draft before getting it, your money would be returned in full if you cancel the draft.
A Demand Draft is essentially a Cashier's Check (or Pay Order). What is required to make a Demand Draft are two components:Name of the Beneficiary (to which the demand draft would be made)and needless to say, the money for the amount of the demand draft.Your bank may affix additional charges for making a demand draft.
dd charge of 25000
minimum Rs.20000/- charges dd commission Rs.39
Any type of Pay-Order / Demand Draft is cancelled by the permission and instructions made by the beneficiary. The customer could only cancel the pay order/ demand draft as the verified signatures of beneficiary are present on the advice.
A Demand Draft can be cancelled by the person who took it provided it has not yet been encashed. You need to visit the bank branch where you took the draft and submit a request in writing, asking them to cancel the draft and refund the money. The bank will accept the request if the draft isn't encashed yet and then cancel the draft and refund the money. The bank may or may not charge you a fee for doing so.