No, even for cancellation original draft required which you have handed over to payee.
Kumar Doab
(Expert) 27 October 2016
Why do you want to cancel?
Until you post, how can anyone know the purpose?
Kuummaar AS
(Expert) 27 October 2016
Ajay kumar shah,
YOU HAVE SAID,
"Should i canccel DD after handover to coocern person (to whom i made).???? "
YOUR HAND IS TIGHT IN ENGLISH.
YOUR QUERY .IS WELL UNDERSTOOD OTHERWISE. IT SHOULD HAVE BEEN STARTED WITH " Can I" instead of "Should I"
ANY WAY,
ONCE YOU HAVE HANDED OVER THE DD TO THE PARTY IN WHOSE NAME IT IS MADE, THE QUESTION ARISES HOW WILL YOU GET IT CANCELLED AS BANK WILL ASK FOR ORIGINAL OTHERWISE HOW CANCELLATION ACTION WILL BE TAKEN. BY THE BANK..
THERE MAY BE OTHER OPTIONS ALSO IN YOUR MIND BUT REPLY WILL BE GIVEN ONLY ONCE YOU COME OUT WITH THOSE OPTIONS.
Guest
(Expert) 27 October 2016
No problem, if you have the authority to cancel in the absence of the DD and without intervention of the issuing bank.
In fact, your is quite a vague academic q2uery.
Kumar Doab
(Expert) 27 October 2016
If you make false pretensions it may be detrimental.
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