Cheques are frequently not accepted for a variety of transactions because the drawer and payee are unfamiliar with one another. As a result, there may be a chance that the cheque may bounce if they take checks. So, in circumstances when guaranteed money is required, DD is thought to be a preferable choice. Demand drafts from HDFC Bank are typically payable at a specific location or branch of the bank.
How to Fill HDFC DD Form Offline?
Follow the procedure to issue a DD offline in HDFC Bank:
Visit the branch where you have your account and ask the bank officials for an HDFC DD Form.
Form Details – Following particulars have to be filled in the form:
The method in which you want to pay.
In whose favour the DD is to be made (beneficiary),
Amount,
The place where DD will be encashed,
Bank account number,
Signature of the account holder
After entering all these details in the form, the form has to be submitted to the bank official.
How to Issue HDFC DD Online?
Your bank account must be set up for internet banking before you can use it.
Before continuing, the balance should be checked after logging in with the necessary information.
To continue, select the “Make Demand Draft” option.
The HDFC DD form, which asks for multiple pieces of information which must be filled out accurately, appears in a new window. Details like the amount, location of the draw, who it is in favour of, and your digital signature will be included.
The form has to be submitted when all of these data have been entered.
Your account will be debited in an amount equal to the draft and making fees.
Choose between having the draft delivered to your house by mail or picked up in person from the bank office after performing the relevant checks.
HDFC Bank DD Charges
There are certain bank charges you need to incur to issue a DD in HDFC Bank, they are as follows
Up to Rs. 10000 – Rs. 50
Above Rs. 10000 – Rs.5 per 1000 on the entire amount (Min Rs.75 & Max Rs.10000)
Up to Rs. 10000 (Senior Citizens) – Rs. 45
Above Rs. 10000 (Senior Citizens) – Rs.5 per 1000 or part thereof (Min Rs 50 & Max Rs. 10000)
If you seek to cancel a DD or revalidate a DD (a DD loses validity after three months and can be revalidated once in a year, on request), you have to incur certain charges for the same, they are:
HDFC Bank Demand Draft Cancellation Charges – Rs.60, Senior citizen – Rs.54
HDFC Bank Demand Draft Revalidation Charges – Rs.60, Senior citizen – Rs.54
HDFC Bank DD – FAQs
Ans. Any HDFC Bank branch will accept demand drafts when you put out an application. DD fees will depend on the transaction amount and be paid for by the consumer.
You must send a cancellation request and the demand draft to the banker who issued it if you wish to cancel the draft. Please be aware that the bank will incur demand draft cancellation fees.
The next business day is the day on which HDFC Bank processes all demand drafts. Within 3 to 5 business days, a courier will deliver a demand draft to the beneficiary’s postal address.
Yes, the beneficiary’s account number must be written on the HDFC demand draft.
The consumer must fill out the DD cancellation form and submit it together with the original DD in order to receive their money back from the demand draft. The bank will deduct cancellation fees before crediting the cash to your account.