What is a DD Number?

DD stands for Demand Draft and is one of the oldest financial transaction methods used by people to make big transactions or official Demand Drafts.

Cheques, credit cards, and debit cards represent some of the payment methods employed for money transfers. However, they are considered among the safest and most precise means of transferring funds.

These instruments operate as pre-paid drafts, requiring the payer to deposit the funds upfront with the bank. Subsequently, the bank facilitates the secure transfer of these funds to the intended receiver.

Every Demand Draft has a unique number which is not only crucial to identification but also for tracking and verifying the status of the draft.

In this article, we will discuss What is Demand Draft, details mentioned on DD, How to issue a Demand Draft, and much more.

But first, let’s find out What is Demand Draft?

What is Demand Draft?

A Demand Draft is a payment instrument that you can use to transfer funds by paying the bank upfront and instructing the bank to pay this sum into the receiver’s account.

The bank issues a Demand Draft document in the name of the receiver which you’ll have to provide to the receiver. The receiver then hands this document to his/her bank along with the DD form and receives the money in his bank account.

it is non-transferable meaning the receiver of the DD is only the entitled person to cash the DD for which his/her signature and ID will be used for verification.

Details Mentioned on Demand Draft (DD)

The following are the details which are mentioned in the Demand Draft-

• The branch of the bank issuing the DD
• Details of the Payee
• Date of issue of DD (valid period is three months from this date)
• This amount payable to the drawee in Words
• A unique number is assigned to the DD
• Signatures of the officers of the bank branch issuing DD

Demand Draft Form Details

The following is a detail to be mentioned on the Demand Draft-

• Name and Address of the drawer (your name)
• Name of the drawee
• Name and address of the payee
• Name of the city where DD is payable
• Amount payable to the drawee (in words)
• Amount payable to the drawee (in figures)
• Exchange (fee charged by the bank)
• Total amount payable by the drawer to the bank (in figures)
• Signature of the drawer
• Name and Address of the drawer

How to Isse a Demand Draft?

Getting a Demand Draft is a very easy process and can be obtained in half an hour. The following are the processes using which Demand Draft is being issued-

• Visit your nearby bank branch from where you want the demand draft to be issued
• Now, find the Demand Draft form and start filling the form with important details like name, Address, Name of the drawee, Name, and address of the payee, Name of the city where DD is payable, amount, etc.
• After filling out the form, check the details once again and deposit the DD form to the bank’s teller. He/she will review your form and provide you with further instructions
• The bank will start processing your DD form request upon which you’ll have to pay the bank upfront either via Cash or via an account which should be mentioned on your DD form
• After successful verification and processing of your DD request, the bank will issue you the Demand Draft with the DD number
• You’ll have to hand the DD to the receiver further he/she will submit the bank with the DD and receive the fund in his/her bank account

Documents Required for Demand Draft

The following are the documents required for the Demand Draft-

• PAN Card details (DD Above Rs.50,000/- mandatory)
• Aadhaar card
• Credit card bill, or any other utility bill
• Driving license, or any other ID with your name on it.

Important Points on Demand Draft

Some of the important points that you’ll have to keep in mind while applying for a DD are as follows-

• If the DD amount exceeds more than Rs.50,000/- then you’ll have to show your PAN Card along with the DD Form
• Check the form carefully before submitting the form to ensure there are no problems with the details
• When the bank issues the Demand draft thoroughly check and tally all the details on the DD to ensure smooth payment
• Keep a copy of the DD issued by the bank before handing it over to the receiver as this can act as a piece of evidence for you

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