The Samastipur District Central Co-operative Bank facilitates the issuance of Demand Drafts (DD), a secure negotiable instrument used for transferring funds. Customers can request a DD payable to a specific beneficiary at another location.
Key features and information:
- Availability: Demand Draft services are offered at the branches of The Samastipur District Central Co-operative Bank.
- Application: To obtain a DD, an application form needs to be filled out with details such as the payee's name, the amount, and the place of payment.
- Charges: The bank levies a commission charge for issuing a demand draft, which is calculated based on the draft amount.
- Security: DDs are a secure mode of payment as they are pre-funded, ensuring that the funds are available for the beneficiary.
