HDFC Bank DD (Demand Draft) Charges for Savings, Salary, & Current Accounts

HDFC Bank Demand Draft Charges

Features of HDFC Bank Demand Draft

• Banks process all demand draft requests the following working day. Within 3 to 5 working days, DDs are delivered to the mailing ID or beneficiary's address as provided.
• If demand drafts have their beneficiaries in Ghaziabad, Faridabad, Gurgaon, or Sonepat, HDFC Bank recommends entering New Delhi in the state and city fields in the "Payable at" section.
• Only Indian locations are covered by DDs. Any DD that has an overseas address or to a recipient address where service is not available results in cancellation of the draft and banks sends the credit back to the applicant's account. Bank does not charge your account in any way.
• A draft is revoked and funds are credited to an applicant's account if DDs are found undeliverable from the beneficiary's address. Banks deduct the applicant's account only for DD fees and any corresponding bank fees.
• Any DD addressed to an Indian mailing address that is returned as undeliverable is sent to the branch.

Procedure to Get HDFC Bank Demand Draft Issued Online

• Your bank account must be set up for internet banking.
• Before continuing, check the balance amount after logging in with your details.
• Now go to ‘Pay’ then click on ‘Payment Solutions” and then tap on ‘Cash, Cheque, Demand Draft’.
• In the Demand Draft section, select ‘Get New Demand Draft’.
• HDFC DD form appears in a new window. Details such as the amount, who it is in favour of, the location of the draw, and your digital signature have to be included on the form.
• You need to submit the form after you have entered all of these details correctly.
• Your account will be debited in an amount equal to your demand draft and applicable fees.
• After conducting required checks, you will have options of whether to pick up the draft from bank branch or have it delivered to your home.

Procedure to Get HDFC Bank Demand Draft Issued Offline

• Visit the nearby HDFC Bank branch and collect a DD form. You can also download it from the bank’s website.
• Fill out the form with the details such as mode of payment, beneficiary’s name, DD amount, cheque number, bank account number, the location of DD encashment, and account holder’s signature.
• Submit the form after you have carefully filled up all the details.

HDFC Bank DD Validity

• The issuer of the draft should go to the concerned bank branch where the draft was issued and apply for the draft's revalidation.
• The account holder must request revalidation of the draft; neither the payee (the person specified in the draft) nor any other person can do so.
• The bank branch will revalidate the draft after checking it against their original records, and its validity will be extended for a further three months from the time of revalidation.
• Once the bank has revalidated a draft, it cannot be done so again. This means that you have to provide the bank with the draft during the revalidated time.

Final Word