Having a doubt regarding can we make DD from any branch, so, let me inform you that yes you can make a demand draft (DD) from any bank branch in India. You do not need to particularly have an account in that branch. You can also approach any other bank regardless of being an account holder.
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Can I Make DD from Any Bank?
Yes. Well to be explained in simple words, a demand draft is a secure way to transfer money, especially for high-value transactions. It is pre-paid and issued by a bank, guaranteeing the funds to the recipient. In general, almost all branches of major banks offer the facility to issue demand drafts, regardless of whether you hold an account with that particular branch or bank.
If you are an account holder in that particular bank, the process is simpler as funds are directly debited from the account or you can also pay through cheque. To make payment directly debited from your account you need to undergo KYC verification.
Non-account holders can also request a DD by paying in cheque. The charges or fees for DD are different for account holders and non account holders, from bank to bank and also depend on your DD amount. However, there are some exceptions also.
Some small or regional branches may not have the infrastructure or authorization to issue DDs, particularly in rural areas or for non-account holders.
Additionally, the branch might require you to visit the parent branch or a main branch for large DD amounts or in cases where there are special instructions.
Moreover, banks may have upper limits on the amount for which a DD can be issued without additional verification, depending on the branch’s location.
Overall, the demand draft can be made from any branch in India. However, it is advisable to check with the specific branch regarding availability, charges, and limits.
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Can We Make DD From Any Branch?
ravi
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8 months
2024-09-16T12:25:13+00:00 2024-09-18T10:08:24+00:00Comment
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