Issue Demand Draft

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:

Payments Dashboard > Issue Demand Drafts > Demand Draft
OR
Payments Dashboard > Manage Payees > Payee Card

To issue the demand draft:

  1. From the Favouring list, select the payee to whom demand draft needs to be issued.
    OR
    Click Delete if you want to remove the selected payee.
  2. Note: Click on Add Payee if there are no payee mapped to issue the demand draft.

  3. In the Amount field, enter amount for which draft needs to be issued.
  4. In the Scheduled on field, select the appropriate date of transfer.
  5. From the Transfer from list, select the account from which transfer needs to be done.
  6. In the Note field, enter the description for bill payment.
  7. Click Issue.
    OR
    Click Cancel to cancel the transaction.
  8. The Review screen appears. Verify the details, and click Confirm .
    OR
    Click Cancel to cancel the transaction.
  9. The Verification screen appears if transaction is configured for OTP validation. For more information click here.
  10. The success message appears.
    Click Done to complete the transaction.

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