what should i do if my demand draft is lost or stolen 
if a demand draft is lost or stolen it is crucial to take immediate action contact the issuing bank and provide them with all relevant details the bank will guide you through the necessary steps to report the loss or theft this typically involves submitting a written request providing any supporting documents and cooperating with the bank s investigation process to resolve the issue the bottom linea demand draft is a secure payment instrument issued by a bank that guarantees the availability of funds it involves the bank deducting the draft amount from the purchaser s account and setting aside the funds when presented for payment the funds are transferred to the payee s account demand drafts offer security wide acceptance and convenience for both parties they can be obtained from banks by filling out an application form providing documentation and paying an issuance fee 