HDFC Bank Demand Draft

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There are numerous transactions where cheques are usually not accepted, the main reason behind this being the drawer and payee are not known to each other. Hence, if they accept cheques then there may be a risk of the cheque being bounced. So, in situations that demand guaranteed funds, DD is considered as a better option. HDFC Bank demand drafts are usually made payable to any particular branch of the bank or at a particular centre.

Key Features of HDFC Bank Demand Draft

Some of the key features about HDFC Bank demand draft are as follows:

• All the requests regarding demand draft are processed on the next working day. DDs are sent to the mailing address or the provided beneficiary’s address within 3 to 5 working days.
• DDs are only delivered to locations within India. If any DD is requested on overseas location or to a beneficiary address where the service is not available, the draft in that case is cancelled and the amount is credited to the applicant’s account. The bank does not deduct any charges from your account.
• If the demand drafts are to be paid at Ghaziabad, Faridabad, Gurgaon and Sonepat, HDFC Bank recommends to select New Delhi in the state and city fields for details required in the “Payable at” section.
• If the DDs are returned undelivered from the beneficiary’s address, the draft is cancelled and money is credited to the applicant’s account. DD charges and any correspondent bank charges are deducted from the applicant’s account.
• If any DD is sent to your mailing address in India and it is returned undelivered, the draft is sent to the branch.

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HDFC Bank Demand Draft Charges

HDFC Bank charges a fee to generate a demand draft. A fee is also levied in case the applicant wants to cancel the demand draft. Below mentioned are the charges charged by HDFC Bank for Demand Draft:

*Fees and charges as on 14^th November 2022.

How to Get HDFC Bank Demand Draft Issued Online

1. Internet banking has to be activated on your bank account for online banking
2. After logging in with the details, the balance amount should be checked before proceeding any further.
3. Click on “Make Demand Draft” option to proceed further.
4. A new window opens that contains the HDFC DD form asking various details which have to be filled in this form correctly. It will contain details like amount, place to be drawn at, in favour of, and your digital signature.
5. After entering all these details, the form has to be submitted.
6. An amount equivalent to the draft and making charges are deducted from your account.
7. After doing the necessary checks, choose the option of collecting the draft from the bank’s branch or home delivery of the draft through the post.

How to Get HDFC Bank Demand Draft Issued Offline

Below-mentioned items are required for issuing demand draft in HDFC Bank offline:

• Cheque (The amount for which the DD has to be made) or Cash
• HDFC DD Form

Follow the procedure to issue a DD offline in HDFC Bank:

1. Fill the Form – Visit the branch where you have your account and ask the bank officials for an HDFC DD Form. Alternatively, you can also download the HDFC Bank DD form from the official website at https://www.hdfcbank.com/htdocs/common/pdf/DD-Request.pdf.
2. Form Details – Following details have to be filled in the form:
   1. The mode in which you want to pay.
   2. In whose favour the DD is to be made (beneficiary),
   3. Amount,
   4. The place where DD will be encashed,
   5. Cheque number,
   6. Bank account number,
   7. Signature of the account holder

After entering all these details in the form, the form has to be submitted to the bank official.

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Validity of the HDFC Demand Draft

HDFC demand draft is valid for a period of 3 months from the date of issue. If it is not presented within three months, the demand draft will not be valid, but money will not be refunded automatically. A different process must be followed for it.

• The purchaser of the draft should approach the concerned bank branch which has issued the draft and submit an application for revalidation of the draft.
• The payee (the person named in the draft) cannot approach the bank for revalidation of the draft, or for that matter, any other person, it can only be the account holder.
• The draft will be revalidated by the bank branch after verifying with their original records, and the validity of the draft will be extended by a period of another three months from the date of revalidation.
• A draft, which has been revalidated once, cannot be revalidated any further. It means that you must present the draft to the bank within the revalidated period.

HDFC Bank Demand Draft FAQs

Q. Can I get a demand draft made from any branch of HDFC Bank?
Ans. You can make a demand draft into any HDFC Bank branch by filling up an application form. The customer will have to pay charges to make a DD based on the amount of transaction.

Q. Can a demand draft be cancelled in HDFC Bank?
Ans. If you want to cancel the demand draft then you need to submit a cancellation request along with DD to the banker who has made the draft. Please note that the bank will charges cancellation charges of demand draft.

Q. What is the difference between HDFC Bank’s cheque and demand draft?
Ans. A cheque can be issued by only an account holder, who is called the drawer of the cheque. A bank draft, on the other hand, is issued by the bank.

A cheque is drawn on the customer’s account in a bank. However, a draft can only be issued by a bank, by one branch of a bank on another branch of the same bank.

Q. How long does it take to clear a DD in HDFC Bank?
Ans. All the demand drafts in HDFC Bank are processed on the next working day. Demand Drafts are couriered to the beneficiary’s mailing address within 3 to 5 working days.

Q. Does demand draft require account number?
Ans. Yes, the HDFC demand draft will require the beneficiary’s account number on the draft.

Q. What is the procedure to get money back from demand draft?
Ans. To get money back from demand draft, the customer will have to fill the DD  cancellation form and submit the form along with the original DD. The bank will credit the amount to your account after deducting cancellation charges.

Q. How to cancel a demand draft?
Ans. If the drawer wants to cancel the demand draft then he/she needs 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.