3 months
3 months w.e.f 1st April 2012
Normally a Bank Demand Draft is valid for 6 months from the date of issue.
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.
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.
demand draft number in state bank of mysore
6 months
It is valid for 6 months from the date of issue.
3 months w.e.f 1st April 2012
Normally a Bank Demand Draft is valid for 6 months from the date of issue.
The DD number of a Demand Draft can be located on the draft itself. This is common to drafts issued by all banks, including the State Bank of Hyderabad.
Any demand draft/ bankers cheque is normally valid for a period of six months from the date of issue. However if the demand draft is presented after the validity period, the bank still pays it, so long as the bank still holds that amount in its custody, by simply updating the validity, and may be cashed any given time. It may charge a small sum if the amount is above a particular slab. So therefore for all practical purposes the DD or bankers cheque remains still valid, any given time so long as the bank holds the amount and is the custodian of the amount, on behalf of the payee.
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.
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.
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.
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
the bank from which the demand draft has been made
The demand draft is another name for a tele-check. The demand draft number through a Syndicate bank draft is usually found at the bottom of the check.