What is the time period of outstation (Chennai) demand draft to get cleared in (lucknow)india.?

Question

What is the time period of outstation (Chennai) demand draft to get cleared in (lucknow)india.?

Answer 1

Normally a demand draft will be taken from a bank payable at the other place. i.e., if you have to pay some money at lucknow you will take a DD at Chennai payable at  lucknow branch.

If the bank is not having any branch at lucknow they will issue the DD payable at their nearest branch. now a days many banks have tie-up with other banks where they do not have branches and issue the DD at that place favg on the other bank.

As I understand from your question the DD is drawn on chennai, will be deposited at lucknow branch. Clearing of this will take normally a week to 10 days time.

Answer 2

6 months from the date of issue of the d/d.