How many times will a Direct Debit be tried?

If you don’t cancel your direct debit we will try to process it again immediately. We will attempt this three times in total. You will incur a charge for each unsuccessful attempt.

Can DD be Cancelled if lost?

However, if the draft has been lost, stolen or destroyed, the buyer may be able to cancel the draft by returning to his bank, explaining that the draft is irretrievable by either himself or the seller, and presenting to the bank the reference number or a printed copy of the draft.

What are DD cancellation charges?

Cancellation charges – Generally ranges between Rs. 100 and Rs. 300.

How do I know if my DD is genuine?

You should always request for a photocopy of the Demand Draft and verify it with the issuing bank. The Bank will confirm if it is genuine or fake. Regardless the sale is null and void if the DD is fake and more importantly you can file a cheating case (Though it probably wont go further than a police negotiation).

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