Issue Demand Draft
Issue Demand Draft transaction allows the user to request the bank for issuance of a demand draft. 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 user.
Prerequisites:
- Transaction and account access is provided to corporate user
- Approval rule set up for corporate user to perform the actions
- Transaction working window is maintained
- Required payees are maintained
- Transaction limits are assigned to user to perform the transaction
Features supported in application
User can request for two types of drafts:
- Domestic Demand Draft – Where the draft is payable within a country
- International Demand Draft – Where the draft is payable outside country
How to reach here:
Dashboard > Toggle menu > Payments > Payments and Transfer > Issue Demand Draft > Issue Demand Draft
OR
Dashboard > Toggle menu > Payments > Set up > Payees > Demand Draft
OR
Dashboard > Quick Links > Issue Draft
Draft Issuance
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 and shared by other users of the party 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.
E-Receipt gets generated on successful completion of transaction. E-Receipt gets displayed in Activity Log detailed view.

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. |
Amount |
Amount for which draft needs to be issued. |
View Limits |
Link to view the transaction limits for the user. |
Scheduled On |
Date of transfer. The options are:
|
Transfer Date |
Date of transfer. This field is enabled if the Later option is selected in Transfer when field. |
Transfer from |
Account with the account nickname from which transfer needs to be done (if the user has added a nickname, for the account). |
Balance |
Net balance in the selected account. |
Note |
Narrative for the transaction. |
To issue the demand draft:
- From the Favouring list, select the payee to whom demand draft needs to be issued.
- In the Amount field, enter amount for which draft needs to be issued.
OR
Click the View Limits link to check the transfer limit. - In the Scheduled On field, select the appropriate date of transfer.
- If you select the Now option, transfer will be done on same day.
OR
If you select Later option in the Scheduled On field, select the appropriate future date. - From the Transfer From list, select the account from which transfer needs to be done.
- Click
OR
Click to cancel the transaction.
to initiate payment. - The Draft Issuance - Review screen appears. Verify the details, and click
OR
Click to go back to the previous screen.
OR
Click to cancel the transaction and go back to the Dashboard.
. - The success message appears along with the transaction reference number, host reference number, status and draft details.
Click to go to Dashboard screen.
OR
Click to mark the transaction as favorite. The favorite transaction is added. For more information, click here.
OR
Click the e-Receipt link to download the electronic receipt. For more information, click here.
FAQs
Can I initiate future dated demand draft issuance request?
What happens if the transaction amount is less than set Transaction Limit?
What happens when I add a transaction in my favorite list?
How will I receive a physical copy of a demand draft?