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.
what is the procedure for the cancellation of demand draft? what is the procedure for the cancellation of demand draft?
it is the same
open it n read it
I have a further query that whether a Demand draft made at kota, rajasthan be cancelled at lucknow, up. If so what would be the charges on it?
demand draft exchange rate for iob per 200.00 demand draft exchange rate for iob per 200.00
6 months
It is valid for 6 months from the date of issue.
6 months
3 months
The cash receipt number in demand draft is a 6 digit number. The demand draft receipts are issued in India.
three moths
what is the procedure for the cancellation of demand draft? what is the procedure for the cancellation of demand draft?
Six months unless stated otherwise.
A Demand Draft can be cancelled at the same branch from where it was issued. The applicant needs to provide a letter along with the original Demand Draft for cancellation.
Normally a Bank Demand Draft is valid for 6 months from the date of issue.
3 months w.e.f 1st April 2012
As per Reserve Bank Of India Transaction Authorisation Code in respect of a Demand Draft is 16.