Lost of demand draft

sanjeev kumar (Querist) 12 August 2014 This query is : Resolved
sir actally i have lost my 75000 draft in favor of an institute for submitting fees.i have got demand draft no from bank. i wants my money back. can get it from dulicate demand draft .otherwise give me any other advice.

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Sudhir Kumar, Advocate (Expert) 13 August 2014
contact bank

not a legal query.

ajay sethi (Expert) 13 August 2014
inform the bank of loss of demand draft . mention the DD no , date of issue etc. you will have to execute indemnity bond in favour of bank . request bank to issue you duplicate demand draft

Akhil Dave (Expert) 13 August 2014
DEar SAnjeev Kumar,

Approach your banker and put request in writing for cancelation of draft or issue of another draft considering previous one cancel.

Don't worry, your money are safe.

Regards,

Akhil Dave, daveakhil@gmail.com

Rajendra K Goyal (Expert) 13 August 2014
Bank can issue duplicate draft on confirmation that the original has since not paid.

Bank would ask to complete some formality including indemnity bond.

Bank can not stop payment of Original draft, if presented for payment.

RAJU O.F., (Expert) 13 August 2014
You mentioned DD was taken in favour of an institute towards payment of fees. Obtain a confirmation letter from the said intitute that the said DD was not reached them nor encashed. Submit the said letter to bank and request to issue duplicate DD as the original lost. Bank will ascertain as to whether DD was paid or not. Then they can issue duplicate DD on your executing the required indemnity bond.

T. Kalaiselvan, Advocate (Expert) 18 August 2014
Well advised by experts, you may follow the advise by moving an application in writing notifying the loss of DD and abide by the other formalities in this regard.