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How can I cancel my DD in Indian bank?

How can I cancel my DD in Indian bank?

Cancellation of Demand Draft Once you have received the completed demand draft, the money is deducted from your account. If, due to any reason, you have to cancel the demand draft, it can only be done at the bank. You will have to go to your branch and make a request for the cancellation of your demand draft.

Is the any charges for DD cancellation?

Demand Draft-Cancellation/ Revalidation: ₹ 200/- +GST. Demand Draft-Duplicate: ₹ 200/- +GST.

What is the DD charges in Indian bank?

Indian Bank Demand Draft Issue Charges 3.50 per Rs. 1,000 for amounts up to Rs. 1 lakh. Indian Bank also has minimum and maximum limits of charges.

Can DD be Cancelled online?

The DD cancellation cannot be done online. Few banks do offer online application for demand draft but you have to visit the bank for collecting the DD. Bank may even arrange for home delivery of your DD but for cancellation of a demand draft, you have to visit the branch from where you have applied for it.

What are the DD charges in Indian Bank?

Let us check out Indian Bank DD charges which a customer is required to pay: For individuals: Up to Rs 1 lakh, Rs. 3.50 per Rs. 1000/- (Min. Rs 20/- Max. Rs 350/-) For Non Individuals: Up to Rs 1 lakh, Rs. 3.50 per Rs. 1000/- (Min. Rs 20/- Max.

How to cancel a draft of a DD from a bank?

Once the DD is issued by the bank after you pay by cash or by deducting the amount from your account, if the need arises for the cancellation of the DD, visit the bank from which the draft was issued. You may have to write an application addressing the bank or branch stating the need for the cancellation. 1.

What is the validity time of DD cancellation in SBI?

What is the validity time of DD cancellation in SBI? Bankers cheques and drafts are valid for 3 and 6 months respectively and can be revalidated by issuing branches on written request of the purchasers. The drafts can be revalidated by the payee (s) if they are identified as the holder in due course.

How do I cancel a DD?

There are two key scenarios for cancellation: If you got the DD by paying cash, then you must present the original DD along with the cash receipt. You will be refunded the money in cash after a small deduction of 50 rupees or so.