How to Fill DD Form?

Due to advancements in technology and digital payment methods, demand drafts have been limited to a specific use. Demand drafts are not commonly used.

No one, however, can replace its significance because it is still required for government job interviews and college admissions.

It is also very important when purchasing any high-value services or items. As a result, this article will serve as a detailed instruction on how to fill out a bank demand draft (DD).

Nevertheless, before you can comprehend how to fill out a DD, you must first grasp what a demand draft is. What distinguishes it?

What is Demand Draft?

A demand draft, sometimes known as a DD, is a piece of paper or document used in banking systems to send money or to make payments on demand. For different branches, it is usually different. Each bank can issue a demand draft (DD) instructing another bank, client, or branch to pay the specified amount.

It’s also sometimes compared to a check. Yet, there is a danger of a bouncing check, but a demand draft never bounces and secures payment. It usually has a three-month validity period.

Features of a Demand Draft

The following are some of the unique characteristics of DD (Demand Draft).

  • On demand, the demand draft is paid.
  • The emissary must not be paid using the Demand draft.
  • The RBI (Reserve Bank of India) decides on a charge for DDs (demand drafts). In addition, the bank charges a service fee.

SBI, for example, charges a service fee of 5 INR every thousand rupees between 10,000 and 1,00,000 INR.

How to Fill DD Form?

The steps to filling out a DD form are listed below; please read them carefully and follow each step.

  1. First, go to your local bank branch and request a demand draft (DD) form at the counter. You can also fill out a DD form online.
  2. Fill in all essential fields on the demand draft, such as your name, payment mode, and whether you’re paying by cash or check. You must enter the total amount, as well as your account number, check number, and other pertinent information.
  3. In the event of cash, you must enter the total quantity of notes, whether they are 100 rupee notes, 500 rupee notes, or 2000 rupee notes.
  4. On the space provided below, write the date and sign.
  5. Remember that if you’re paying more than $50,000, you’ll need to bring a photocopy of your Pan card.
  6. Now, deposit this DD form, together with cash or check and, if necessary, a xerox copy of your Pan Card.
  7. Your DD will be cleared by courier in three to five working days.

Note: If you are completing the Demand Draft process online, fill in the appropriate fields and pick up your Demand Draft at the specified bank location.

In a nutshell, completing a DD form is a simple task. You only need to follow these simple steps whether you fill out the form offline or online.

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