Issue Bank Draft DD in Cash without having Bank account
Issue Bank Draft DD in Cash without having Bank account
As per RBI Guidelines, a person can issue Bank Draft DD in case he does not have Bank account. The guidelines are as follows:
1. Banker's Cheque/ Draft/ DD can be issued upto 50000 in cash.
2. KYC of issuer must be submitted to bank
Thanks,
Murari Garg
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