Legal Question in Banking Law in India

Demand draft

I want to deposit a demand Draft into my account but I lost it but have a xerox copy of the same?


Asked on 6/19/08, 2:23 am

7 Answers from Attorneys
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Demand draft

Inform the issuer to stop payment and get a new one issued.

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Answered on 6/21/08, 1:07 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Demand draft

Inform the issuer to stop payment and get a new one issued.

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Answered on 6/21/08, 1:08 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Demand draft

Inform the issuer to stop payment and get a new one issued.

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Answered on 6/21/08, 1:08 am
J. Radhakrishnan independent Practice

Re: Demand draft

Xerox copy cannot be utilised for collection. The payee of a lost demand draft can apply for a duplicate draft from the issuing bank by giving indemnity and proof of loss.

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Answered on 6/19/08, 10:28 pm
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Demand draft

Immediately ask the issuer for stop payment and then to issue a duplicate one.

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Answered on 6/22/08, 12:53 pm
Bobby Aanand Metropolitan Jury

Re: Demand draft

No that xerox copy is not sufficient, ask your issuer to go immediately for stop payment and then get a new one issued in your favor.

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Answered on 6/19/08, 3:28 am
G. M. Gupta gmguptaandassociates

Re: Demand draft

u can enquire the bank and get it reissued by the person who issued it first. tell the bank to not to make any payment of that draft as u are the owner

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Answered on 6/19/08, 3:55 am


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