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Secure Payments with Demand Draft

Why Choose Mahavir Bank?

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Demand Draft is way for remitters to transfer money. A demand draft is more secure than a normal cheque as it can only be credited to a specific payee's account, and a customer can only be reimbursed under indemnity if the draft is lost or stolen.

Unmatched Security & Reliability

  • Demand Draft is way for remitters to transfer money.
  • A Demand Draft is more secure than a normal cheque as it can only be credited to a specific payee's account, and a customer can only be reimbursed under indemnity if the draft is lost or stolen.
  • Low-cost, convenient method of payments.
  • Demand Draft is a pre-paid Negotiable Instrument, wherein the drawee bank acts as guarantor to make payment in full when the instrument is presented. DD cannot be dishonored as the amount is paid before hand.
  • Demand draft is usually used to make payment outside a city. Demand Draft can be cleared at any branch of the same bank.

Start Your Financial Journey Today

Join thousands of satisfied customers who trust Shri Mahavir Urban Co.Op. Bank LTD., Solapur for their banking needs.