How can I cancel DD in HDFC Bank?

How can I cancel DD in HDFC Bank?

If the drawer wants to cancel the demand draft then they need to submit a cancellation request for this along with DD to the banker who has made the draft. The bank also charges the customers for cancellation of Demand Draft. The Demand Draft cancellation charges also vary from bank to bank.

How are DD charges calculated?

12,000, the Demand Draft charges will be 12,000 * 0.005 = Rs. 60. Similarly, if the Demand Draft is of the amount Rs. 22,500, the Demand Draft charges will be 22,500 * 0.005 = Rs.

What is DSB charges in HDFC Bank?

Free Cash Deposit Limit will lapse for the accounts where AQB/AMB/HAB maintained is less than 75% of required product AQB/AMB/HAB i.e. Customer will be charged from 1st transaction for cash deposit….

How long does it take to get DD in HDFC Bank?

All the Demand Draft requests will be processed on the next working day. DDs will be couriered to the mailing address/ provided beneficiary address within 3 to 5 working days.

What is DD cancellation charges in HDFC Bank?

HDFC Bank charges Rs 100 to cancel or revalidate Managers Cheque, Demand Drafts. For Demand Drafts issued on Non-HDFC Bank, you need to pay Rs 50 plus additional charges depending on the amount of draft. Up to Rs 500, you have to pay Rs 10.

Can I cancel DD online?

Normally DD cancellation cannot be done online. Few banks do offer online application for demand draft but you have to visit the bank for collecting the DD. If you have applied for demand draft by paying the amount by cheque then in this case you need to return original DD along with duly filled DD Cancellation letter.

What are the charges for DD?

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)

Is there any charges for demand draft?

DD charges, however, are not constant, and may vary as per the value of the draft and from bank to bank. The leading banks of the nation usually levy DD charges varying from Rs 25 to Rs 50 on each demand draft, up to Rs 10,000.

What is DSB deposit slip?

2. Use separate online deposit slips for cash/local cheques/outstation cheques/funds transfer cheques. 9. 3. This online deposit slip can be used only for depositing cheques and cash.

How much time does it take to make DD?

The time frame or the clearing time of a DD varies between banks. They are usually cleared within half an hour, or by the end of the working day. Some banks can take up to three working days. Also, if the DD is for a large amount, it will only be credited to a bank account and not provided as cash.

What is the charge for DD in HDFC Bank?

In case if the customer requests for DD through HDFC bank branches on HDFC bank locations then for Demand Drafts value up to Rs. 50,000, only Rs. 75 is charged whereas Rs. 50 is charged if the request is through phone banking. Taking a request for DD through phone banking comes with a clause that it can be availed by preferred customers only.

Is there any remittance facility in HDFC Bank?

Remittance facility through own Bank Demand Drafts (DD) payable HDFC Bank Locations (Issued from any branch) / Duplicate DD DDs up to Rs. 50,000 charged Rs. 25 per DD, Above Rs 50,000 – Free

What is the charge for cancellation of demand draft?

In case of cancellation of Demand Drafts through HDFC bank branches the bank charges the customer upto Rs. 100. For Demand Drafts which are issued on non HDFC bank locations the following rules apply: For Demand draft value upto Rs. 500 the bank charges Rs. 10.

Is there a way to cancel a DD?

In this section, we learn the process to cancel a DD. Once the DD is issued by the bank after you pay by cash or by deducting the amount from your account, if the need arises for the cancellation of the DD, visit the bank from which the draft was issued.