Axis Bank DD Form PDF

Axis Bank DD Form - Summary

A Demand Draft or DD is a prepaid instrument where the financial institution pays the mentioned amount instead of the distinct drawer’s account. It is drawn in the name of the bank by a person who wants to transfer money from one bank account to another. Even individuals without a bank account can get a DD made by paying cash.

Understanding the Importance of an Axis Bank DD Form

The great thing about a Demand Draft is that the amount written on it is already paid, so there is no chance it will bounce. You can easily get this DD form from the nearest Axis Bank branch or simply download it in PDF format using the link below. After you carefully fill out this DD form, submit it to the nearest Axis Bank branch along with cash or a cheque.

Axis Bank DD Form (Required Details)

• Payee’s Name
• Branch Name
• Payable Location
• Amount
• Cash details if the DD is made with cash
• Cheque details if the DD is made with cheque
• Any other relevant details

It’s important to note that both cheques and DDs are used for making payments. However, a cheque is defined as a “Bill of Exchange” issued on a specific banker and is not meant to be payable elsewhere unless demanded. In contrast, a Demand Draft is regarded as a prepaid “Traversable Tool,” where the drawee bank acts as a guarantor for full payment whenever the tool is presented.

Types of Demand Drafts

There are two main types of Demand Drafts that customers usually prefer:

1. Sight Demand Draft: This type of demand draft is payable immediately upon presentation of the necessary documents. If the receiver fails to provide the required documents, they will not be allowed to cash the DD.
2. Time Demand Draft: This type of demand draft can be cashed only after a specified time. Remember, the DD cannot be cashed from the bank until that duration has passed.

You can easily download the Axis Bank DD Form in PDF format using the link below.

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Axis Bank DD Form PDF Download