Demand draft is valid for six months from the date of issue where as Pay order has a validity of three months. Demand drafts are printed with “Valid for Six months only” and pay orders “valid for three months only” on its face. In rare cases the DD or pay order may not enchased within this validity period due to some reasons. We cannot loose the money because of the reason validity expired, so banker allow you to revalidating Demand draft and Pay orders.
To do so the customer should give a request letter for revalidating the instrument. Banker will revalidate the instrument for another six months in case of DD and three months in case of a pay order or banker’s cheque.
The banker will accept the revalidation request from the customer who has earlier requested and accept the DD or pay order.