I have a Canara Bank account in Sion,Mumbai .Will I be able to issue a DD from a branch in Chennai?
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I have a flight to Chennai early in the morning at 6.00am so I won't be able to issue from my local branch therefore I need to know i it will be possible.Thanks
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Answer:
Depends on the amount of the draft. It has been stipulated that draft for Rs.50,000 and over can be issued by a bank only by debit of the amount in customer's account. If the amount is Rs.50,000 and over, you should take your cheque book along, and approach a branch of Canara Bank in Chennai. Since almost all the major banks are under a Core Banking network, it is possible. If the amount of the draft is small (or less than Rs.50,000), you can drawn the amount from an ATM and pay cash at the bank to get the draft issued. And you can always get a draft issued for any amount when you tender a cheque of the draft amount plus bank's charges.
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