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Business Law
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Fraud

You have purchased a demand draft in India and has already delivered it to payee suspects fraud and want to stop payment the demand draft is it possible in India?


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Wiki User
2007-08-16 23:19:35
2007-08-16 23:19:35

Technically it should be possible as the amount has to be cleared by the issuing bank. But in India things work differently, especially with public sector banks. It could also depend on the amount size, if it is a big amount, banks have an interest in cancelling and putting that amount in pending.

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