Apni Law Staff asked 5 months ago
I’m planning to buy a property where the seller is promising payment via a Bank of India Demand Draft. I’ve received an email from the bank manager confirming the mortgage approval. The DD number will be included in the Sale Deed, but the actual DD will be given to me only after I sign the Deed at the Registrar’s office. How can I be sure I’ll get my payment and avoid being cheated?
1 Answers
Best Answer
Apni Law Staff answered 5 months ago
This arrangement is risky. While a Bank of India Demand Draft is generally considered safe, getting it only after signing the deed leaves you vulnerable to potential fraud. Ideally, you should receive the DD before signing the deed, or insist on a direct bank transfer for greater security.
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