Can we deposit DD in any branch?
DD issued from one branch can be liquidated (paid) by any branch – rather has to be paid by any branch without charges as per RBI guidelines.
When you deposit DD in SBI, what it has to do is to present it to any branch of Syndicate Bank..
How many days is a DD valid?
How Long is a DD Valid? 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. After the third month, you can re-validate the DD upon written request to the issuing bank.
Can we 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 I take DD from non home branch?
In case the Demand Draft is Crossed as Account Payee, it cannot be encashed over the counter from the Bank Branch and can only be cleared by depositing in the Bank Account of the Person in whose favor the DD has been made.
Can DD be taken from any bank?
Bankers cheque can be cleared in any branch of the bank provided it comes under the local jurisdiction, but Demand Draft can be cleared at any branch of the same bank irrespective of the city.
Can we take DD from any branch of SBI?
Drafts are issued on our branches. They are issued on the branches of Associate Banks at centres where we do not have any branch. … Bankers cheques / drafts for an amount of Rs. 50,000/- and over will not be paid in cash, but only for credit of the payees account or to his banker.