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A bank draft is a payment that is like a check, but its amount is guaranteed by the issuing bank. The funds are drawn from the requesting payer's account and are then placed in the bank's reserve account until the draft is cashed by the payee.
All you need is the recipient's name and account information.
All you need is the recipient's name and account information.
What are details that need to be provided in the DD Form? Date. Name of the applicant. Name of the recipient in whose favour the DD is to be issued. City name where the DD is payable. Bank Branch name where the DD is made. DD amount. Service fee of the bank. Signature of the applicant.
Demand Draft (DD) Form Name and Address of the drawer (your name) Name of the drawee. Name and address of the payee. Name of the city where DD is payable. Amount payable to the drawee (in words) Amount payable to the drawee (in figures) Exchange (fee charged by the bank)