Comments on: What are Demand Drafts?

By: ramana

ramana — Mon, 04 Jan 2010 15:17:57 +0000

HI friends please help.I have taken a Forgien demand draft in favour of uk university for 3000 pounds .Now i would like to cancel the d.d .tell me wether i will get the rate on the day i took the d.d or ill get todays price of pound

By: Sashikumar.P

Sashikumar.P — Sun, 13 Dec 2009 16:25:25 +0000

Dear Sir/ Madam,
I gave DD amount of Rs.2 Lakhs to my ex-wife in her before the court at the time of final divorce judgement.After 4 days She(I don’t believe her statement ) lost the DD. At present the vaildity of the dd expired.Know manger of the nationalist bank is ready to give NOC without getting signature from me .kindly guide me how to stop issuing the payment without my signature

Thanks in advance

Sashikumar.P

By: Manikandan

Manikandan — Thu, 10 Dec 2009 11:56:17 +0000

I recently came across an advertisement for a job which requires to send a DD.

“Attach crossed Demand Draft for Rs.XXX/- (non-refundable) drawn in favour of (Company Name) payable at (Name of the bank), New Delhi.”

My questions is – what should be the recipient name? I guess you cannot use both the names. Please enlighten me on this.

Thanks & Regards,
Manikandan

By: tushar

tushar — Fri, 20 Nov 2009 08:06:46 +0000

what are the short forms (ot, tt, ol, tl) mentioned on dd which are punched stands for.

By: Shrikant Rewatkar

Shrikant Rewatkar — Sun, 06 Sep 2009 07:01:19 +0000

Can you suggest me the various security measures for Demand Draft and Pay Order ?

By: Bavani

Bavani — Mon, 24 Aug 2009 15:46:51 +0000

Can i send DD from India to Malaysia?
what will be there procedures?? how the person in Malaysia can receive the DD n transfer it to cash??

By: jyoti

jyoti — Wed, 19 Aug 2009 08:55:30 +0000

what do we need to write while filling up the DD details in an apllication wen asked about the BRANCH NAME??? whether it si the branch name of the issuing bank or the branch name of drawee bank???plzzz answer…its urgent

By: Pushkar

Pushkar — Sat, 20 Jun 2009 02:27:57 +0000

Can I issue a demand draft from a particular bank which has no branch at the place mentioned in “payable at” field? If yes how will the recipient get the money in that case?

By: Sam

Sam — Fri, 22 May 2009 03:27:17 +0000

Hey If someone sends a DD on your name.How to cash it?Can we put it in dropbox with the slips attached like cheques or we need to go to bank to deposit ?

By: Hartono

Hartono — Wed, 06 May 2009 02:32:05 +0000

Hi..
As i know that there is the so called “Bank Instruction” where you can instruct the bank to transfer your fund to the other bank. What’s the different between “bank instruction” and “DD”?

By: Hartono

Hartono — Wed, 06 May 2009 02:25:31 +0000

Hi..,
1. as i know that in DD must have the recipient name and checking account no, right.? But can the bank providing the DD allows to put the receipient savings account no. instead of checking account no.?
2. Can the drawee make the DD and put the recipient under his own name wt his own account no. on the other different bank located overseas.?
3. Upon the drawee deposits into his account, how long wil it takes the DD money reached to the recipient, and receipient can withdraw straightaway.

By: Srinivas

Srinivas — Mon, 06 Apr 2009 04:29:18 +0000

Hi,

Can any one tell me that if i have taken DD from hyderabad and that same DD is valid in Bnagalore.what i meant to say is i want to take DD in hyderabad and that same DD i want to give it in bangalore SMU University.pls its urgent…

By: Krishna

Krishna — Sun, 05 Apr 2009 12:21:13 +0000

Hi, X has got a duplicate DD issued by banker with complaint stating Original DD being lost. Meanwhile the actual beneficiary holds the original DD returned by the bank.

Meanwhile the Issuer of DD is dead and the duplicate dd is not with the real beneficiary.
Should the bank honor the Original DD. Or is there an provision that banker can stop the payment based on instruction from their legal heirs?
Who should be the owner of DD on expiry is it the Beneficiary or the Legal Heirs.

By: Roybarth

Roybarth — Thu, 05 Mar 2009 16:50:11 +0000

What do you mean by saying that “get dd crossed”?,does it mean pasting a transparent gum tape on the dd where the amount is written? should we sign on the DD at the back of it before giving it to the concerned person?

By: Lolla

Lolla — Sun, 08 Feb 2009 10:25:20 +0000

i want 2 know about the security processes involved in dds

By: Jeeva

Jeeva — Mon, 05 Jan 2009 06:04:41 +0000

Hi Sanmathi,

Yes, you can use DD upto 6 months. In fact, the DD bear the expiry period on the DD itself.

hope that helps

By: sanmathi

sanmathi — Mon, 05 Jan 2009 03:32:11 +0000

can we use dd upto 6 months

By: Jeeva

Jeeva — Thu, 18 Dec 2008 10:56:14 +0000

Hi Ravi,

I’m afraid, you cannot use CC for DD. As far as I know, you could use CC at any ATM and withdraw cash for DD.

By: RAVIVARMA

RAVIVARMA — Wed, 17 Dec 2008 11:20:49 +0000

Can we use credit card to obtain a DD(Demand Draft).
I mean Can we use credit card instead of cash payment.

By: Anil

Anil — Fri, 12 Dec 2008 18:50:25 +0000

Hi Akshat,
DD has a time limit. In some DD’s the expiry date will be written on the face of the DD like (” Valid upto ……. ).
But in some DDs,nothing abt expiry will be written on the face. In such cases it becomes stale after 6 months from the date of purchase.(ie,from the date on the face of the DD).
After the expiry date, if u want to get the DD cashed,Get the DD revalidated from the branch from which the DD is taken.If the issuing branch is distant, present the DD in your bank and they will revalidate the same by sending to the issuing branch.(Ur bank may take some charges for the same).The DD is valid for another 6 months from the date of revalidation.