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Can DD be issued for other bank?

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Can DD be issued for other bank?

Also demand drafts are only issued by banks and you cannot issue them on an individual level. The money through this demand draft can only be transferred to the payee and no other person can receive this DD.

Can I make demand draft from any bank branch?

‘ It can be cleared at any branch of the same bank. It can be cleared at any branch of the same city.

Is PNB and SBI same?

State Bank of India (SBI) and Punjab National Bank (PNB) are two of the leading home loan providers in the country. On the other hand, Punjab National Bank is a state-owned corporation that offers an array of housing loan options, including one with special rates to government employees.

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How can I transfer money from PNB to SBI?

Enter this number to authorise the new payee.

  1. Login into your online PNB account on the mobile app.
  2. Select “Transfers”
  3. Click on “Manage Beneficiary”.
  4. Choose “Other banks”.
  5. Enter the details required.
  6. Click on “Continue”.
  7. Enter your transaction password to authorise payee.

How can I deposit my demand draft in SBI?

Click on the “Issue Demand Draft” option under “Other Payments/Receipt”. Select the account which has to be debited. Enter the amount of the Demand Draft. Enter the name of the beneficiary in the “In favour of” field.

Which is better bank SBI or PNB?

Punjab National Bank scored higher in 7 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Work-life balance, Senior Management, Culture & Values and \% Recommend to a friend. Central Bank of India scored higher in 2 areas: CEO Approval and Positive Business Outlook.

How much time it takes for NEFT transfer from PNB to SBI?

To conclude, for all uncredited transactions, customers can reasonably expect the funds to be received back by them in around 3 to 4 hours time.

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How can I withdraw my DD from SBI?

The customer is bound to fill a proper DD cancellation form.

  1. This form for cancellation can be received from the bank’s branch. You simply have to ask any of the officials at the bank for the DD cancellation form.
  2. After you have finished filling the form, submit it together with the original demand draft at the bank.

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