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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?
Wiki User
∙ 14y ago
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
Wiki User
∙ 14y ago
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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.
What is the procedure if the Demand draft is lost and expired?
Lost: Contact the bank that issued the draft and submit a letter in writing stating the DD number and ask them to cancel the draft because it was lost. You may ask the bank to re-issue a fresh draft for which they will charge a fee. Expired: The only thing you can do is contact the person who gave you the draft and ask them for a new draft.
What is the procedure to cancellation a demand draft?
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
Cancellation of demand draft?
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.
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.
How can you take a restraining order off if the person is pregnant?
Only the person who requested the restraining order in the first place can request that it be removed. That person can schedule a hearing at the same court that issued it and ask that the judge cancel the order.
What is the procedure to cancel the demand draft in Indian oversesas bank?
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.
What is the procedure of bank for clearing Demand Draft?
This is a check that the bank will guarantee when issued. You will give the money to the bank ahead of time and then you can give the check to the person you owe.
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.
Can a text message be cancelled?
It can as long as you cancel it while it's sending. After it's sent, then it's impossible to stop it from getting to the person receiving it.
What is the procedure if the Demand draft is lost and expired?
Lost: Contact the bank that issued the draft and submit a letter in writing stating the DD number and ask them to cancel the draft because it was lost. You may ask the bank to re-issue a fresh draft for which they will charge a fee. Expired: The only thing you can do is contact the person who gave you the draft and ask them for a new draft.
How do you write application for cancellation of demand draft?
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
Can a demand draft be encashed immediately?
Yes. A Demand draft is like cash. The moment you hand it over to the bank that issued it, they will pay you cash immediately. All they will ask is identification proof that, you are indeed the person to whom the draft was issued. However, if the amount is too high, the bank may ask you to wait a few minutes to arrange the same
Cancellation of demand draft?
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.
What is the procedure to cancellation a demand draft?
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
What is the procedure if the demand draft is not deposited in your account?
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 draftThere 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 recordsThere could be overwriting in the draftIf 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.
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.
