Axis Bank DD Form
A Demand Draft or DD is a prepaid instrument in which the mentioned amount is offered by the financial institution instead of the distinct drawer’s account. It is drawn on in the name of the bank by a person who wishes to make transfer payment form one bank account to another bank account. Individuals who do not have a bank account can also get a DD made by giving cash.
The best part about a Demand Draft is that the amount written on the draft is already paid; hence, there is no chance that it would get bounced. This DD form can be obtained from the nearest branch of Axis Bank or it can be directly download in PDF format using the link given below. After carefully fill this DD form you have to submit to the nearest branch of Axis bank along with cash or Cheque.
Axis Bank DD Form (Required Details)
- Payee’s Name
- Branch Name
- Payable Location
- Cash details in case when DD are made on cash
- Cheque details in case when DD are made on cheque
- And any other details
It is important to know that, both cheque and DD are considered to make payments. However, a cheque can be termed as a “Bill of Exchange” issued on a definite banker and not mentioned to be payable elsewhere if not demanded. On the other hand, Demand Draft can be called as a prepaid “Traversable Tool”, where the drawee bank behaves as a guarantor for making the complete payment whenever the tool is presented.
Demand Draft Types
There are two prominent types of Demand Drafts which are usually preferred by customers. These are:
- Sight Demand Draft: This version of demand draft is considered payable right after the presentation of certain documents. In case, the receiver isn’t successful in providing the specified documents, then he/she won’t be allowed to take out the
- Time Demand Draft– This type of demand draft is billed right after a specified time. Always remember that, before this duration the Demand Draft isn’t allowed to be billed from the bank.
You can download the Axis Bank DD Form in PDF format using the link given below.