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What is the procedure if the demand draft is not deposited in your account?
Wiki User
∙ 13y ago
Contact the bank branch where you deposited the demand draft and explain them the situation. They might require a request in writing to investigate into the matter. The demand draft may not have been paid if:
- the drawee (the person who issued the DD) had cancelled the draft
- There is a mismatch between the DD payee name (the person to whom the draft is entitled to be paid) and your name as per the bank records
- There could be overwriting in the draft
If you are the legitimate person to whom the DD is to be paid, after receiving the request, the bank would take the necessary steps to get the payment due to you from the bank that issued the Draft.
Wiki User
∙ 13y ago
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What is the procedure to cancel a demand draft whose validity period has expired?
what is the procedure for the cancellation of demand draft? what is the procedure for the cancellation of demand draft?
Is crossed demand draft is same as account payee demand draft?
yes
What is the procedure for encashment of a crossed demand draft if the drawee has no bank account?
The only way the drawee can get the money is by opening a bank account and then depositing the crossed demand draft into it. The purpose of crossed drafts is to ensure that the money is paid out only into a bank account. So, there is absolutely no way for you to get the money without opening up a bank account. Also, the name in your bank account must match the name on the draft, otherwise the draft will not be encashed.
Who is drawee bank in demand draft?
A demand draft is a type of check that contains the buyers account number but not their signature. The drawee bank in a demand draft is the branch of a particular bank.
What is demand draft?
Demand Draft is used by individuals to make transfer payments from one bank account to another. Demand Drafts are marketed as a relatively secure way of cashing checks. The difference between a Demand Draft and a Normal Draft is that a Demand Draft do not require a signature in order to be cashed.
How do you write a letter to bank manager for reissue the Demand Draft?
A demand draft does not need a signature to be cashed. You can write to the bank manager explaining why you need them to reissue the draft and any pertinent information such as account number, amount, and names on the account.
How do you write application form of cancellation of Demand Draft?
Dear Sir, I had obtained a Demand Draft (DD No: -----) on ------ (Date) from your bank for Rs. -----/- in favor of ----- (The person for whom you took the DD). Due to some unavoidable circumstances, this DD is no longer required. Hence I request you to cancel the DD and deposit the money into my savings account no: ----- (Your account Number) Thanks, Your signature. Address the letter to the bank manager and you would get the DD cancelled and money deposited to your account.
How can you find the docket number in Demand draft?
The most common form of a demand draft is a check. Checks have account numbers, not docket numbers. Other demand drafts may or may not have account numbers, but not docket numbers, unless there is a legal action that ordered the demand instrument.
What do when you lost a foreign demand draft in Pakistan?
The procedure to get back the cash is very long ( at least 20-30 days in india ) . 1. First inform the concerned bank . 2. The cash will be deposited back to your account with in ( 20-30 days ) . As the banking is between two different countries this will eat a lot of time . As its DD your money is safe .
Show a demand draft with a demand draft number?
which one is the dd number on a demand draft
Can I deposit my refund in my mom's bank account?
No. A check/payment order/draft can be deposited only into the bank account of the person to whom it was issued (The Payee). If it is deposited into another persons account, the payment will not be released. Moreover, you may be arrested for trying to do so. However, if you have a joint account with your mother, then you can deposit into that account.
What is the meaning of demand draft and normal draft?
is any future of demand draft
