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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.

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Q: What is the procedure to cancel the demand draft in Indian oversesas bank?
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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


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You want to know that after getting a demand draft can the person who has issued it can cancel the demand draft?

Yes. You can cancel it by giving a written request to your bank. The bank can cancel the DD provided the person to whom you gave it has not cashed it already. If the DD is already paid out, the cancellation cannot be done


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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.


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How do you write application for cancel Demand Draft paid by cash?

Dear Sir/madam, 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.i have taken a dd from your bank by paying a cash & i m not the account holder of the bank.so please cancel it and give the cash back. Thank you, yours faithfully, Your signature.