Full formBanking & Finance
DDVstands forDemand Draft Voucher
Full Form of DDV
What is DDV?
A Demand Draft Voucher (DDV) is a receipt or acknowledgment issued by a bank when a customer requests a demand draft. In India, demand drafts are commonly used for secure fund transfers, especially for large sums or when the payee does not have a bank account. The DDV serves as proof of purchase and contains details such as the draft number, amount, date, and beneficiary information. Banks issue DDVs over the counter or online, and they are critical for audits and dispute resolution. DDVs are widely used in Indian banking for transactions like fee payments, property deals, and business remittances. While electronic transfers like NEFT and RTGS are gaining popularity, demand drafts remain relevant in rural areas or for certain institutional requirements. For competitive exams like IBPS, SBI PO, and RBI Grade B, understanding DDV is important as it appears in banking terminology questions. The voucher ensures transparency and traceability, helping customers track their draft issuance. Overall, the DDV is a simple but essential document in India's banking ecosystem, bridging traditional and modern payment methods.
DDV का फुल फॉर्म
डिमांड ड्राफ्ट वाउचर
Example
When I applied for a college admission, the bank gave me a DDV after I paid the application fee via demand draft.
DDV — frequently asked questions
What is the full form of DDV?
The full form of DDV is Demand Draft Voucher.
How is DDV different from a demand draft?
A demand draft is the instrument used for payment, while a DDV is the voucher or receipt issued by the bank as proof of draft purchase.
Is DDV still used in modern Indian banking?
Yes, DDV is still used as a record of demand draft issuance in many Indian banks, especially in rural areas and for institutional payments, though electronic transfers are replacing drafts.