Dd

lokesh vikram (Querist) 23 February 2017 This query is : Resolved
Sir I would like to know that can a person cancel a demand draft stating the reason as lost after giving it to someone.

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Rajendra K Goyal (Expert) 23 February 2017
If the DD is lost duplicate can be issued.

In case of duplicate DD either the payment can be released to payee or his consent is required for cancellation.

Kumar Doab (Expert) 23 February 2017
Bank can ask to sign indemnity.

From your query you don't seem to have lost DD!

Sudhir Kumar, Advocate (Expert) 24 February 2017
not a legal query.

query is on procedure.

any clerk (may be Sr peon) of the concerned bank branch will tell you procedure.

Adv. Yogen Kakade (Expert) 24 February 2017
Take some efforts and visit your bank and get the answer.

Kumar Doab (Expert) 24 February 2017
From your query you don't seem to have lost DD!

Bank can ask to sign indemnity.

The bank/banker can certainly provide clarity to you.

Ask bank/banker.

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