You can download the Axis Bank DD Form PDF for free by using the direct link provided below on the page.
Axis Bank DD Form PDF
A Demand Draft (DD) is a prepaid instrument where the specified amount is guaranteed by the financial institution rather than the drawer’s account. It’s a secure way to transfer funds from one bank account to another, even for individuals without a bank account, by paying in cash.
One great advantage of a Demand Draft is that the amount mentioned on it is already paid, ensuring no chance of bouncing. You can obtain this DD form from your nearest Axis Bank branch or download it directly in PDF format from the link provided. After filling out the form, submit it to the nearest Axis Bank branch with cash or a cheque.
The Axis Bank DD Form requires details
- Payee’s Name
- Branch Name
- Payable Location
- Amount
- and specific cash or cheque details
- among others.
It’s essential to understand the difference between a cheque and a DD. While both are used for payments, a cheque is like a “Bill of Exchange” issued on a specific banker, whereas a Demand Draft acts as a prepaid “Traversable Tool” with the drawee bank guaranteeing complete payment upon presentation.
There are two main types of Demand Drafts:
- Sight Demand Draft: Payable immediately upon document presentation.
- Time Demand Draft: Payment is made after a specified time frame upon presentation of documents.