Legal Question in Banking Law in India
Does the drawee name is case sensitive in case of dd demand draft. For instanace if i write payable to "JAWAHARLAL NEHRU" in place of "Jawahalal Nehru" does it makes any change??
Asked on 6/29/15, 12:02 pm
2 Answers from Attorneys
J. Radhakrishnan
independent Practice
Your use of the term drawee is incorrect. It is Payee who is the beneficiary of the draft. The name of the payee is not case sensitive. It can be in lower or uppercase.
Answered on 6/29/15, 8:14 pm
Fca Prashant Chavan
Expert Edge LLP
30.06.2015
Dear Sir / Madam,
No, the drawee name on a cheque / DD is not case sensitive.
Regards,
Answered on 6/30/15, 7:34 am
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