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Is there any limit for DD in SBI?
Demand draft charges also vary on the basis of mode of payment to the bank, i.e. cash or cheque. What are the SBI DD Charges associated?…HDFC Bank DD Charges.
| Limit | Charges |
|---|---|
| Rs.10,000 to Rs.50,000 | Rs.60 |
| Above Rs.50,000 | Rs.5 per thousand rupees or part thereof subjected to maximum of Rs.15,000 |
What is the time limit for DD?
As per the Reserve Bank of India’s (RBI) guidelines, a demand draft is valid for 3 months from the date when the draft was issued by the bank.
What is payable at in DD?
Demand Draft (DD) Forms Name of the drawee. Name of the city where the DD is payable. Amount payable to the drawee (in words) Amount payable to the drawee (in figures) Exchange (Fees charged by the bank)
How do I withdraw my DD amount?
How to Encash Demand Draft
- The person who receives the demand draft has to present the draft to his/her bank branch.
- The bank asks for specific documents to initiate the payment procedure.
- Once the documents are verified, the amount is transferred to the bank account of the individual.
Can I take DD online?
The demand draft can also be prepared online. The details need to be accurately filled online and the physical demand draft can either be collected from the nearest branch of the issuing bank or can also be mailed to the registered address.
Can DD amount be refunded?
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 be refunded the money in cash after a small deduction of 50 rupees or so.
Is DD amount refundable?
The cash will be refunded with certain charges towards the services of cancelling the DD. Note, some banks may require you to affix a revenue stamp on the DD to validate the cancellation. 2. The amount will be credited into your account after the bank deducts the cancellation charge.
How do I know if my DD is encashed?
Do inquire your bank through where u send DD..they will tell u the exact en-cashed date !
Can DD be paid in cash?
The Demand Draft can be made by paying the Bank in Cash as well, but for Demand Drafts exceeding Rs. 50,000 the payment should be by cheque only. Quoting your PAN No. is also necessary in case the value of the DD is more than Rs. A Draft is normally prepared in the Indian Currency i.e. Rupees.
How can I withdraw my DD without bank account?
However, in case the Instrument is not a Crossed Demand Draft, it can be encashed without depositing in the Bank Account, by encashing it over the counter from the Bank Branch.
What are the charges for demand draft?
Demand Draft Charges
- Up to Rs.5,000 – Rs.25.
- Rs.5,000 to Rs.10,000 – Rs.50.
- Rs.10,000 to Rs.1 lakh – Rs.5 per Rs.1,000 (Min. Rs.60)
- Above Rs.1 lakh – Rs.4 per Rs.1,000 (Min. Rs.600; Max. Rs.2,000)
Can DD be Cancelled after 5 years?
3)IF i don’t cancell the dd is the money will be bank’s money? 4)after how much time the money will be bank’s money? 5)what is the time limit for cancelling a DD and get the money? 6)what is the procedure to get the money?