i just want to highlight for everyone a case where fraud with DD has been reported in chembur police station. a party from TN came to xyz for RR work and took them to the bank to make DD in front of xyz. the DD was exchanged for cash outside the bank premises and both parties went their own way.

when the XYZ party put that DD into their bank the bank returned the DD saying there is a stop payment instruction issued against this DD. the DD party has written to the bank that they made the DD but since xyz party did not enter into a agreement the DD was not handed over to them but "misplaced " while meeting them.

case has gone to police.

so be careful when takeing DD. let the DD be cleared into the account BEFORE handing over cash to the party. even if the DD making is in front of you. else you are in trouble.

cheers

Niranjan 9766640000