Issue Demand Draft

Application provides an exclusive feature which allows the customer to request the bank for the issuance of a demand draft through internet banking. The payee of the draft needs to be first registered through Payee Maintenance. The user then initiates a request to issue a demand draft by asking the bank to debit the account provided by him. On submitting the request, the details will be sent by application and the bank will then process the request and courier the draft.

How to reach here:

Payments Dashboard > Issue Demand Drafts > Demand Draft
OR
Payments Dashboard > Manage Payees > Payee Card

Field Description

Field Name	Description
Favouring	Payee to whom demand draft needs to be issued.
Delivery Mode	Mode of delivery for the selected payee as maintained.
Delivery Location	Address of the payee where demand draft is to be delivered.
Amount	Amount for which draft needs to be issued. Note: CurrencyA generally accepted form of money, including coins and paper notes, which is issued by a government and circulated with in an economy. changes as per the type of transfer.
Scheduled on	Date of transfer. The options are: Now: payment on the same day Later: payment on a later date
Transfer from	Account from which transfer needs to be done.
Balance	Net balance in the selected account.
Note	Narrative for the transaction.

To issue the demand draft:

1. From the Favouring list, select the payee to whom demand draft needs to be issued.
   OR
   Click if you want to remove the selected payee.

Note: Click on Add Payee if there are no payee mapped to issue the demand draft.

2. In the Amount field, enter amount for which draft needs to be issued.
3. In the Scheduled on field, select the appropriate date of transfer.
4. From the Transfer from list, select the account from which transfer needs to be done.
5. In the Note field, enter the description for bill payment.
6. Click Issue.
   OR
   Click Cancel to cancel the transaction.
7. The Review screen appears. Verify the details, and click Confirm .
   OR
   Click Cancel to cancel the transaction.
8. The Verification screen appears if transaction is configured for OTP validation. For more information click here.
9. The success message appears.
   Click Done to complete the transaction.

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