Some banks can take up to three working days. They are usually cleared within half an hour, or by the end of the working day. The time frame or the clearing time of a DD varies between banks. The drawer is the person requesting the demand draft the bank paying the money is the drawee the party receiving the money is the payee. When a bank prepares a demand draft, the amount of the draft is taken from the account of the customer requesting the draft and is transferred to an account at another bank. What is California driver’s license restriction #46 is Must wear corrective lenses when driving commercially. ISS is the Issue Date on your Driver’s License. Copyright 1988-2018, All rights reserved. DD numbers are usually not considered of much importance but they come in handy in the event of a lost or stolen draft. Each bank has its unique series of DD numbers. The DD number is a serial number similar to a cheque number. What is meant by DD no?Ī DD number or draft number is a serial number printed on the left bottom of the draft. So, in this case the DD number will be 876439. This is only a small part of that big number. At the bottom left hand side you will see a long number, however you don’t need to enter the entire number when asked for the DD number. The DD number is right there in your demand draft, at the bottom of the check.
