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Q.

Hi,Please tell me how to cancel a demand draft made from SBI.

Asked by sudipta sarkar, 29 Jun '09 08:30 pm
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Answers (11)

 
1.

Just give a letter and the DD. They will cancel it after deducting certain charges and credit your a/c in the bank or give a pay order in your name. Only the person who filled the DD application can cancel the DD. His signature will be verified.
Answered by RANJAN KARNAD, 29 Jun '09 09:31 pm

 
  
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2.

U have to take DD, DD cancellation form(get it from bank itself), a letter to the Manager of the branch (stating that u wish to cancel DD of Number, date of issue and whom it favoured for), and 1 RS. revenew stamp.
Revenew stamp to be paste at the backside of the DD and sign over the stamp. they will verify ur sign with that in the slip u given while taking DD and if its ok u will get back the money after deduction of some charges, for me deduction was 100 RS. for the DD of 1000 RS.
Source: self experience
Answered by vikesh vasudevan, 14 Oct '11 01:42 pm

 
  
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3.

SERVICE CHARGES AS PER RBI GUIDELINES

DD-Cancellation :
No charges for DD having face value upto Rs. 500/-, Thereafter, Rs. 100/- per instrument (flat rate)
Source: RBI GUIDELINES
Answered by Chandra Pratap, 29 Dec '11 10:41 am

 
  
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4.

Normally it is not possible
Answered by priti kaur, 29 Jun '09 08:35 pm

 
  
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5.

It is not Possible
Answered by Joly Boy, 23 May '13 06:07 pm

 
  
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6.

I have 06 DD (Physical) four of EPFo, Varanasi & DD amount not accepted by EPFO Varanasi so we have deposited this amount through corporate banking. How can cancel & Deposite amount in our account and what is the rule of RBI DD cancellation
Answered by Braj Kumar, 08 Oct '12 12:53 pm

 
  
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7.

I took dd for 26000, now i want to cancel it, so plz tell me cancellation charges
Answered by sou ndar ya, 25 Jul '12 03:05 pm

 
  
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8.

Amount 2000/= of DD Issued by SBI so canceled during deduction Rs.how many
Answered by Manoj srivastava, 30 Apr '10 07:15 pm

 
  
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9.

Upto rs 500 no charges. after that rs 100 per instrument , that means per dd i guess
Answered by anand ANAND, 12 Apr '10 08:16 pm

 
  
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10.

You have to submit a formal letter to the bank along with your DD and the money deposit form (in case you want to transfer the cancelled amount to your account).
Answered by manoj kumar, 13 Jan '10 01:39 pm

 
  
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