Issue Demand Draft transaction allows the customer to request the bank for issuance of a demand draft. The payee of the draft needs to be first registered through Manage Payees. The user then initiates a request to issue a demand draft by asking the bank to debit the account provided by user.
Prerequisites:
Features supported in application
User can request for two types drafts:
Workflow
How to reach here:
Dashboard > Toggle Menu > Payments > Issue Demand Drafts
OR
Dashboard > Toggle Menu > Payments > Issue Demand Drafts
OR
Dashboard > Payments Menu > Issue Demand Drafts
A customer can initiate a request for a Demand Draft using this transaction. All Demand Draft payees (Domestic and International Demand Draft payees) created by the logged in user are listed for selection. Details of selected payee are auto populated on transaction screen. Customer needs to fill in payment details to initiate the transaction.
Field Name |
Description |
---|---|
Favouring |
Payee to whom demand draft needs to be issued. Payees maintained under a party will be listed for selection. |
Delivery Mode |
Mode of delivery for the selected payee as maintained. |
Delivery Location |
Delivery address for the drafts. |
Currency |
Currency of the demand draft. Note: Currency changes as per the type of transfer. |
Amount |
Amount for which draft needs to be issued. |
View Limits |
Link to view the transaction limits. |
Scheduled On |
Date of transfer. The options are:
|
Transfer On Date |
Date of transfer. This field appears if you select the Later option from the Scheduled On list. |
Transfer from |
Account along with the account nickname from which transfer needs to be done. For more information on Account Nickname, click here. |
Balance |
Net balance in the selected account. |
Note |
Narrative for the transaction. |
To issue the demand draft:
Note: Click on Add Payee if there are no payee mapped to issue the demand draft.
FAQs
Can I initiate future dated demand draft issuance request?
What happens if the transaction amount is less than set Transaction Limit?