Demand Draft Withdrawal
Description
How to fill out Sample Letter Of Intent To Sue - With Settlement Demand?
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FAQ
Indian Bank DD Details Your name and address. 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) Total amount payable by the drawer to the bank (in figures)
You can either visit your nearest bank branch or fill up the online application form on the official website. If you wish to pay cash for the DD, submit the form and the requisite amount. If you wish to pay from your bank account, do not forget to provide its details along with the payee's name and bank address.
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.
Signature on the back of the demand draft is insisted by bank when it is presented for cash payment. Demand drafts valued less than Rs. 50000 are paid by cash. In those cases the payee on the draft has to sign on the back of the demand draft.
What is Demand Draft Number? The DD number is a 6-digit numeric code, or a serial number found at the bottom of the instrument and next to it is the Magnetic Ink Character Recognition (MICR) code.
