DD full form is Demand Draft.
A Demand Draft (DD) is a prepaid banking instrument used to transfer money securely from one place to another. It is commonly used when you don’t want to send cash or when a guaranteed payment is required.
Quick Summary
- Full Form: Demand Draft
- Issued by: Banks
- Used for: Secure payments
- Risk: Low (amount is prepaid)
- Validity: Usually 3 months (may vary by bank)
What is a Demand Draft?
A Demand Draft is issued by a bank after you pay the amount upfront (cash or debit from account). The bank then guarantees payment to the person or organisation mentioned on the DD.
Since the money is already paid, DDs cannot bounce, unlike cheques.
Where is DD Commonly Used?
- College & university fees
- Government applications
- Tender fees
- Rent or security deposits
- Large-value official payments
Key Features of Demand Draft
- No signature required from payer
- Can be crossed or account-payee
- Safer than carrying cash
- Accepted across India
FAQs – DD Full Form
Q1. Is DD better than cheque?
A. DD is safer because it is prepaid and cannot bounce.
Q2. Can DD be cancelled?
A. Yes, DD can usually be cancelled by the purchaser, subject to bank rules.
Q3. Is DD still used in 2026?
A. Yes, though online transfers are common, DDs are still used for official purposes.
Conclusion
The DD full form is Demand Draft, a secure and trusted payment method issued by banks. Even in the digital banking era, DDs remain useful for official and guaranteed payments.
