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spelling mistake in demand draft

Ramya (student) (46 Points)

20 August 2013

i got demand draft but their is spelling mistakes in the draft.in chartered e is missing and in accountants t is missing but when ask bank they said it will be accepted.will icai reject my application?

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5 Replies

Azim Khan ACA,CS,CMA*,LLB* (Proprietor) (1312 Points)
Replied 20 August 2013

They are right..

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Sathish M (Management Accountant) (40581 Points)
Replied 21 August 2013

Normally when we buy a demand draft, we need to ensure the demand draft form is filled up correctly. When an error is committed by a bank official, we need to request them to rectify the mistakes. They are duty bound to make correction accordingly. As banks are CBS enabled, the system will populate the name of Institute of Chartered Accountants. If the demand draft is issued manually, then again mistake to be rectified. Since ICAI being a recognised body depositing the Demand Draft, its clearance will be allowed by the bank. Don't worry, your Exam application will not be rejected.

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Tony John (Chartered Accountant) (6085 Points)
Replied 21 August 2013

I don't think you will have an issue with the application form and the DD.

Normally the bank will allow its clearance.

k.yaswanth (ipcc) (23 Points)
Replied 23 February 2015

Sir ,i am revalidating my ipc registration .i have taken in fav of The institute of chatered accountants of india I missed The secretary. Will they consider the DD. I want to submit the form today. Plese tell me as early as possible.