Axis Bank Demand Draft form Online Download PDF

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Axis Bank Demand Draft form Online PDF Download Link 

Name Axis Bank Demand Draft form
Pages 1
Size 0.23 MB
Language English
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Axis Bank Demand Draft form

A Demand Draft or DD is just a prepaid tool where the mentioned amount is given by the bank instead of the distinct drawer’s accounts. It’s drawn on in the name of their bank by someone who wants to earn transfer payment sort one bank account to a bank accounts. Those who do not own a bank account can also receive a DD made by giving cash. However, those that have a banking account can get yourself a demand draft issued by their banks through cash, cheque, phonebanking as well as banking. The best part about a demand Draft is the fact that the amount written in the draft has paid; ergo, there isn’t any chance that it would get shrunk.

Axis Bank is among those renowned banking companies operating in India. The banking services provided by this bank are quite modern, helping the company build a enormous clientele in the nation. Here are some of the things you should remember while handling Axis Bank DD type :

  • It’s important to look at the cited details like beneficiary name, payable place, together with the right spelling.
  • Make sure the info mentioned on the draft matches with the data entered on the application form.

Demand Draft Types

There are two prominent kinds of Demand Drafts which usually are preferred by customers. All these are:

  1. Sight Demand Draft: This edition of demand draft is considered payable right after the presentation of certain documents. In the event, the recipient isn’t successful in providing the designated documents, then he/she won’t be permitted to take the
  2. Time Demand Draft– This kind of requirement draft is charged accurately after having a specified time. Always bear in mind that, before this duration the requirement Draft isn’t allowed to be charged from the bank.

Details to be Mention in Axis Bank DD Form

  • Payee’s Name
  • Branch Name
  • Payable Location
  • Amount
  • Cash details in case when DD are made on cash
  • Cheque details in case when DD are made on cheque
  • And any other details

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