10 Issue Demand Drafts
This topic describes the information about Issue Demand Drafts workflow.
The Issue Demand Draft transaction enables users to request the bank to issue demand drafts towards saved or new payees.
To initiate a demand draft issue request to the saved payee, the user must first ensure that the payee i.e., the recipient of the demand draft is registered as a demand draft payee through the Add Demand Draft Payees feature. Once the payee is registered, the user can initiate a request to the bank to issue a demand draft. The overlay screen on the Saved Payee field allows the user to select the payee from the list of saved payees.
Prerequisites:
- Transaction access is provided to the Small & Medium Business user.
- Transaction working window is maintained.
- Required payees are maintained.
- Transaction limits are assigned to user to perform the transaction.
Features supported in application.
The user can request for two types of demand drafts:
- Domestic Demand Draft – Where the draft is payable within the country.
- Cross Border Demand Draft – Where the draft is payable outside the country.
Figure 10-1 Issue Demand Drafts - Workflow
Navigation Path:
- From the Dashboard, click Toggle menu, click Menu, then click Payments . Under Payments , then click More Actions, and then click Issue Demand Drafts .
- From the Search bar, type Payments - Issue Demand Draftsand press Enter.
- Demand Draft Issuance to Saved Payee
This topic describes the systematic instruction to Demand Draft Issuance to Saved Payee screen. A user can initiate a request for a Demand Draft using this transaction. - Demand Draft Issuance to New Payee
This topic describes the systematic instruction to Demand Draft Issuance to New Payee screen. Using this feature user can initiate requests for demand drafts to be payable towards payees that are not registered as payees in the system. - FAQ