DD Cancellation Letter – DD stands for demand draft. A dd or a demand draft is a negotiable instrument that the bank provides to its customers. A negotiable instrument refers to a guarantee for an amount of payment giving the name of the payee. The demand draft is a non-transferrable instrument.
What do you mean by a DD cancellation letter?
DD cancellation letter is needed when you have the finalized demand draft; the total money will be deducted or subtracted from your account. If you want to cancel the demand draft, it can only be done by the bank. You would need to visit the branch of your bank personally and will have to request the cancellation of your demand draft. Click here to Read more..
Last Edited by roopesh kumar on Sep 22, 2021 3:52 AM
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