BankingComplaint - A ONE STOP Platform to get answers from the BEST of Industry GURUS | We are in Beta - Will be Fully functional soon

Hello,My ICICI Saving account has been put on |Can a Branch manager debit amount from your saving account to loan account without intimation |ATM Pin is not received |Still i am not get my refund from bank side |Non receipt of Pension in my account |FRAUD PERSONAL LOAN |I send a imps but mistakely a/c no was wrong.how to return my imps in my account |What custom essay writing services can I trust my assignment |I have an sallary Account in icici bank and I have transferred |smab charge deducted without information |Money stolen online from my saving account in icici bank gurgaon |Help Please Refund the Money |What's the benefit of Demonetisation process? |Bajaj Finance Services | Loan |IMPS Fund Transfer |Mobile Banking ( IMPS via Mobile ) |New 500 Rs is fake or not |New 2000 Rs Note is fake |CDM error, how to resolve? |Please help me to understand what is DD |They do not issue D D without Account |Logged a Complain with RBI regarding Fraud |Mis Behave And Abusing Me |Cheque Clearing Amount Diffrence |

About the problem arised during the cancellation of demand draft?

0 votes
24 views
asked Nov 28, 2015 in Others by Sujana
On  (27-11-2015) we went to bank nellore branch near railway station. we completed all the formalities for the cancellation and counter 4 employee did cancellation process and sent to another counter for cash return. but he did not gave us money and he gave much of trouble to us and the employee of counter 4 that he will not return money but transfer that money to our account. my husband waited for a long time and he went to both of these employees many times. but no use so my husband got angry and left that dd with these employees and returned home. now how can we get that money.

1 Answer

0 votes
answered Nov 29, 2015 by Raja
Dear Sujana

As per banking practice, when a DD is to be cancelled, the amount would be transferred into the account, from where it was made.  In rare instances, subject to IT and bank guidelines, cash can be paid, if the DD amount is less than Rs.20000/-.  Getting angry and leaving the DD with the bank is not appropriate.  Please do visit the bank branch again and get the amount transferred into your account, which is in order.  After all, it is your money.

RAJA

Related questions

Ask a question

Privacy: Your email address will only be used for sending these notifications.

Source-Indian Bank Association
Source-Indian Bank Association
Source-Indian Bank Association
iba
Source-Indian Bank Association
iba
Source-Indian Bank Association
iba
Source-Indian Bank Association
iba
Source-Indian Bank Association

Banking Questions Answered by RBI
...