Demand Draft Number: How to Find & Track
What is Demand Draft Number?
The DD number is a 6-digit numeric code, or a serial number found at the bottom of the instrument and next to it is the Magnetic Ink Character Recognition (MICR) code. The DD number is just like a cheque number, a unique code is used to complete each transaction.
Demand Draft, also known as DD, is one of the payment instruments issued by banks, payable in full on demand. The negotiable instrument is issued by the bank to the customer, asking a bank or one of its branches to pay the specified amount.
Considered as a secure mode of payment, the demand draft is known to be hard to forge or counterfeit as the customer (drawer) must pay the bank before the DD is issued. DDs are also known to be more reliable compared to a regular cheque as they are payable on demand without the possibility of being dishonored due to insufficient funds.
A demand draft is an assured method of receiving funds as it eliminates the fraud or counterfeiting part of the payment, especially in a business transaction when the drawer and the payee are not known to each the other.
Why do you Need to Know the DD Number?
The DD number is especially useful when the draft is stolen or lost. This can also be used to find out if the DD was encashed by the payee and helps in keeping records of your payments. It may be noted that banks have unique DD numbers to differentiate themselves from other banks.
How to Track the Status of Demand Drafts?
The validity of a demand draft is currently 3 months from the date of issue of the DD. If you want to track the status of the DD, visit your bank and find out if the DD was encashed or not.
Process to Cancel a Demand Draft Using the DD Number
To cancel a demand draft, visit the issuing bank branch with the original demand draft and your ID proof. Provide the DD number to the bank official. The bank will process the cancellation and refund the amount after deducting any applicable charges.
Other Important Numbers on a Demand Draft Explained
Along with the DD number, the DD also consists of the MICR code and the issuing bank's branch IFSC code, which is used to transfer funds to another branch account of a bank.
Check IFSC Code for Top Banks:
FAQs on Demand Draft Number
- Where can I find the Demand Draft (DD) number?
The DD number can be found on the left side of the draft. It is a serial number which is similar to a cheque number. Every bank has a distinctive series of DD numbers.
- How to Verify the Authenticity of a Demand Draft Using DD Number?
You can verify the demand draft’s authenticity by contacting the issuing bank and providing the DD number. Banks can check their records to confirm if the demand draft is genuine and valid.
- How to Cancel a Demand Draft Using the DD Number
To cancel a demand draft, visit the issuing bank branch with the original demand draft and your ID proof. Provide the DD number to the bank official. The bank will process the cancellation and refund the amount after deducting any applicable charges.
- What is a DD Code and How is it Different from DD Number?
A DD Code is a unique code related to the bank branch or transaction type for the demand draft. The DD Number is the serial number printed on the draft itself to identify that specific demand draft. While the DD number is unique to each draft, the DD code is more about the bank or branch details.
- How to Request a Duplicate Demand Draft?
If your demand draft is lost or misplaced, you can request a duplicate by visiting the issuing bank branch. Submit an application with the DD number and necessary ID proof. The bank may issue a duplicate demand draft after verifying the details.
- Can a demand draft be made online?
Yes, it is possible to make a demand draft online. You can apply for a demand draft online and receive it at the bank.
- What is the draft number on the demand draft?
A draft number is a 6-digit number that is present at the bottom of the demand draft and it is issued by the bank.
- How long is a demand draft valid for?
A demand draft is valid for up to 3 months from the date it has been issued. It is similar to a banker's cheque, which is also valid for 3 months.
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