Draft Issuance

Application provides an exclusive feature which allows the customer to request the bank for the issuance of a demand draft through internet banking. The payee of the draft needs to be first registered through Payee Maintenance. The user then initiates a request to issue a demand draft by asking the bank to debit the account provided by him. On submitting the request, the details will be sent by application and the bank will then process the request and courier the draft.

You are here How to reach here:

Dashboard > Payments > Payments > Drafts Issuance
OR

Dashboard > Payments > Set up > Payees > Demand Draft

ClosedField Description

Field Name

Description

Favouring

Payee to whom demand draft needs to be issued.

Delivery Mode

Mode of delivery for the selected payee as maintained.

Delivery Location

Delivery address for the drafts.

Amount

Amount for which draft needs to be issued.

Note: CurrencyA generally accepted form of money, including coins and paper notes, which is issued by a government and circulated with in an economy. changes as per the type of transfer.

Scheduled on

Date of transfer.

The options are:

  • Now: payment on the same day
  • Later: payment on a later date

Transfer from

Account from which transfer needs to be done.

Balance

Net balance in the selected account.

Note

Narrative for the transaction.

To issue the demand draft:

  1. From the Favouring list, select the payee to whom demand draft needs to be issued.
  2. In the Amount field, enter amount for which draft needs to be issued.
  3. In the Scheduled on field, select the appropriate date of transfer.
  4. From the Transfer from list, select the account from which transfer needs to be done.
  5. In the Note field, enter the description for bill payment.
  6. Click Issue.
    OR
    Click Cancel to cancel the transaction.
  7. The Review screen appears. Verify the details, and click Confirm .
    OR
    Click Cancel to cancel the transaction.
  8. The success message appears.
    Click Done to complete the transaction.
    OR
    Click Favorite Icon to mark the transaction as favorite. The favorite transaction is added on dashboard. For more information click here.

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