How do you cancel a demand draft at SBI?

• Write an application to the branch manager stating the reason for cancellation and the mode of refund i.e. cash or account transfer. I opted for cash.

• Affix a revenue stamp on the back of DD to be cancelled.

• Put your signature partly on the stamp and partly on the demand draft. You will have to put another signature on the DD just below it.

• Submit the cancellation application along with the DD to the branch manager and get the application stamped.

• Now submit the stamped application along with the DD to the cash counter to get the refund.

• There is a cancellation charge of Rs.100/- that will be deducted from the DD amount and the rest will be returned back to you. This cancellation charge is fixed irrespective of the DD amount.