A Demand Draft cancellation letter to the bank is written to withdraw the raised DD for the transaction. The reasons for a demand draft cancellation letter can be wrong information of payee details, deactivation of bank account, etc.

How to use this Document? 

An application for cancellation of demand draft should be written by the person who had submitted it. The person needs to follow a specified format in order to write a DD cancellation letter to a bank.

A DD cancel application must be submitted by visiting the bank along with the payment receipt. The application for cancellation of demand draft must include the proper bank details, bank address, the amount of DD and the DD number. For your better understanding of the demand draft cancellation letter format, we have provided a few samples below.

In order to cancel the raised demand draft, the person will have to write a DD cancel application to the bank where you have applied and submit it by visiting the bank.

• After you have submitted your demand draft cancellation letter along with the cash payment receipt, you will retrieve your payment.
• If you have paid cash, then you will receive it in cash after a small cancellation charge deduction.
• If you have paid through cheque, then the paid amount will be credited to the bank account.

The language and tone of the dd cancellation letter should be formal and professional. Do not forget to add the subject, your bank details correctly, the reason for the DD cancellation and your name.