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Can Demand Draft be dishonoured?
A Demand Draft is a cheque that contains an order of one branch of a bank ( Drawer branch ) directing another branch of the same bank ( Drawee branch ) to pay on demand a certain sum of money to a specified beneficiary ( Payee ) . It is an Account payee instrument, meaning it can only be credited to the account of the payee and cannot be encashed over the counter by the payee.A Demand Draft is a much safer and certain method of payment than cheques, since in the case of cheques, an individual is the drawer and hence the cheque can be dishonoured by the drawee bank due to insufficiency of funds in the drawer's account. But since in the case of a DD, the drawer is a bank, payment is certain and it cannot be dishonoured.
How much do bank officers charge for their services?
In INDIA, bank service and other charges are determined by individual banks conisdering its deposit position, loan products, the demand and supply position, etc. Bank Officers are prohibited from personally charging for the services they offer to the customers. Each bank has its own service charge strucutre and charges will be levied according to this list.M.J. SUBRAMANYAM, BANGALORE, INDIA
How much time will take for demand draft clearance?
If drawn on the same branch where it is presented, then payment is immediate. If presented at a different bank in the same city as the draft is drawn on, then usual clearing time is 3 days. If presented in at a different city, it may take up to 15 days, beyond which clearing bank will pay interest for the delay.
How much will be dd charges for 110000 in axis bank?
It costs Rs.50
What is bank pending charges?
Bank pending charges are transactions that have been authorized but have not yet fully processed and settled in your bank account. These charges may include purchases made with a debit or credit card, checks written, or other transactions that are still being verified. While they are not yet reflected in your available balance, they can impact how much money you have available for spending until they are cleared. It's important to monitor pending charges to avoid overdrawing your account.
How much demand draft?
12000/-
Can Demand Draft be dishonoured?
A Demand Draft is a cheque that contains an order of one branch of a bank ( Drawer branch ) directing another branch of the same bank ( Drawee branch ) to pay on demand a certain sum of money to a specified beneficiary ( Payee ) . It is an Account payee instrument, meaning it can only be credited to the account of the payee and cannot be encashed over the counter by the payee.A Demand Draft is a much safer and certain method of payment than cheques, since in the case of cheques, an individual is the drawer and hence the cheque can be dishonoured by the drawee bank due to insufficiency of funds in the drawer's account. But since in the case of a DD, the drawer is a bank, payment is certain and it cannot be dishonoured.
How much money is deducted after cancellation of draft?
since you pay commission charges for the draft before getting it, your money would be returned in full if you cancel the draft.
How much do bank officers charge for their services?
In INDIA, bank service and other charges are determined by individual banks conisdering its deposit position, loan products, the demand and supply position, etc. Bank Officers are prohibited from personally charging for the services they offer to the customers. Each bank has its own service charge strucutre and charges will be levied according to this list.M.J. SUBRAMANYAM, BANGALORE, INDIA
How much time will take for demand draft clearance?
If drawn on the same branch where it is presented, then payment is immediate. If presented at a different bank in the same city as the draft is drawn on, then usual clearing time is 3 days. If presented in at a different city, it may take up to 15 days, beyond which clearing bank will pay interest for the delay.
How much will be dd charges for 110000 in axis bank?
It costs Rs.50
How much RTGS charges and NEFt charges?
The charges for RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) vary from bank to bank. Typically, RTGS charges are higher than NEFT charges because RTGS is used for high-value, time-sensitive transactions. It is recommended to check with your specific bank for the most accurate and up-to-date information on these charges.
What is different between cheques and drafts?
. MeaningA cheque is an unconditional order directing the banker to pay a certain sum of money only to or to the order of a certain person.A draft is an order to pay money drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand.2. FacilityThe current account and saving account holders get a cheque facility.Draft is issued to anyone even to non-account holders.3. PurposeCheques are used to make payments or to settle transactions. There is no certainty of payment in the case of cheques as they can be dishonoured or payment can be stopped.The main purpose of a draft is to transfer money from one place to another or to guarantee the certainty of payment to the payee.4. DrawerIn case of cheque, the drawer is the customer of the bank.In case of draft, the drawer is the bank itself.5. Bank chargesThe bank may not charge for issuing the cheque book.The bank charges a nominal fee or commission to issue a draft.6. DishonourCheques can be dishonoured for various reasons.There is no question of dishonouring of draft.7. Stopping of paymentIn case of cheque, the drawer can ask the bank to stop payment of the cheque even if it is delivered to the payee.In case of draft, the purchaser of the draft can ask the bank to stop payment before the draft is delivered to the payee.8. PopularityCheques are very common and popular mode of payment.Drafts do not enjoy much popularity as compared to cheques.9. ClearanceIn case of cheque, there is a need for clearance.In case of a draft, there is no need for clearance, if DD is drawn on the same bank.10. Parties involvedThree parties are involved in cheque transaction viz., (a) Drawer, (b) Drawee, and (c) Payee.Two parties are involved in draft transaction viz., (a) Drawer, and (b) Payee
How much is 32995 euro in us dollars?
$45403.42 before bank charges, correct as per 30/dec/13
What is bank pending charges?
Bank pending charges are transactions that have been authorized but have not yet fully processed and settled in your bank account. These charges may include purchases made with a debit or credit card, checks written, or other transactions that are still being verified. While they are not yet reflected in your available balance, they can impact how much money you have available for spending until they are cleared. It's important to monitor pending charges to avoid overdrawing your account.
If a bank says it paid too much interest 7 years ago can they demand it back now?
Yes
You were told you would receive one hundred dollors for opening a bank account never received the money infact caused you hundreds of dollors due to over draft charges can you sue?
well you could write a letter of complaint to you bank and they may give you the 100 dollar's but as it is only 100 dollar's and you said you have a lot of overdrafts i think the 100 dollar's would not of helped you too much! but as for suing the bank anything is possible now days. :)
