How to Cancel DD in Union Bank of India

HI I would like to have the process to be followed for cancelling a demand draft which was drawn?

[sumit]

Cancellation of a Demand Draft (DD) will be handled by Bank Officer in light of the specific guidelines issued by the Reserve Bank of India and some inner confirmation system. At whatever point we needed to wipe out a DD it is possible that it was drawn utilizing the Cash or with an Account Payee Check, you have to contact the Branch from where you have gathered the DD.

Banker will deduct a total of sum as DD Cancellation Charges from the DD bearing sum and the rest of the sum will discount to you on the spot You can gather the discount sum either in Cash mode or a Banker Check mode in the event that you need to store into your Bank Account. Prior to that you have to achieve the accompanying points of interest to fulfill the Banker that you are the bona fide drawer of the DD.

Draft a Letter to the Branch Manager of the Bank asking for about the cancelation of the DD with a reason.

Say the discounting technique either in Cash or Banker Check.

Encase the DD in Original in the event that you have lost the DD at rent encase the counter thwart or compose the DD is absent in the Letter to the Branch Manager.

Your mark on the Letter to the Branch Manager ought to count with the mark that you have seared in the DD Voucher while asking for a DD.

Present the Letter to the Bank Office, then he confirms the reports and gives you either a Token for Cash discount or a Banker DD by deducting the Cancelation Charges.

In a few banks you have to glue a 1 Rupee Stamp on posterior of the Withdrawal Form, on the off chance that you are asking for the discount as Cash. Along these lines, keep a 1 Rupee Stamp with you.

On the off chance that you have asked for a Banker Check then solicit them to get ready in support from a man name in which account you are going store for gathering. Else you can basically sit tight for two or three minutes to gather your money by giving back the Token to the Cashier, which is given by the Bank Officer.