Demand Draft

Muhammadi Exchange is creating ease for every individual around to transfer payment from one bank account to another overseas bank account.You can send the foreign currency demand draft to the beneficiary who will receive the funds upon banking the draft into his/her account abroad.

Why Demand Draft?

A Demand Draft is one of the methods of transferring money overseas, with which you aim to reach the best university but submission of university expenses can be a problem for many. Being a very convenient option for transferring money, it makes the beneficiary obtain payment on presentation to the bank.Muhammadi Exchange makes a secure form of payment as the demand draft is payable to the specified beneficiary’s bank account

DD at Muhammadi Exchange

With a bunch of positive reviews and a big trusted customer base, Muhammadi Exchange is a strong service for online money transfers, making Telegraphic Transfer easy. It is a great place if you want a hassle-free and low-cost way to send money overseas, where we offer an easy way to use online service and mobile app and are ideal for sorting out your international money transfer straight away. Muhammadi Exchange also offers you the best exchange rates — identical to the base, interbank rate. We charge a small, percentage-based service fee. In comparison after comparison, our customer base makes us in the top three best-priced currency exchange company in Pakistan.

How Do We Make DD Easier

Muhammadi Exchange is at the forefront of international money transfers in Pakistan which is proven by the fact that MEC has its branches in all of the fastest financial services of Pakistan. At Muhammadi Exchange we offer the lowest rates on international money transfer products.If you are looking for a safe, speedy and reliable way to transfer money, you can now purchase Muhammadi Exchange Demand Drafts at very reasonable rates. Any person whether an account holder of the bank or not can purchase a Demand Draft from a bank branch.

The Credible International Money Transfer Companies in Pakistan

We have been in the currency exchange business since 1992. After the implementation of the Exchange Companies Reforms in 2002, we successfully acquired the license to form the company in 2004 and now offer various services as permitted by the State Bank of Pakistan and trusted by thousands of customers. We make sure every transfer secure to become a leading and model international money transfer organization.

Purpose of Demand Draft
  • Personal Expense
  • Family remittances
  • University fee
  • Education Expenses
  • Medical expenses
Particulars required for Sender
  • Full name and address
  • CNIC Copy/Overseas CNIC Copy
  • Passport Copy in case of Foreign National
  • 6 month bank statement
  • Proof of relationship with receiver
Requirements for Beneficiary
  • Evidence of the purpose for Telegraphic Transfer (e.g. University offer letter)
  • Passport & CNIC copy
  • Beneficiary account number
  • Bank name and address
  • Swift Code
  • IBAN/Sort Code/BSB/ABA/Routing number/Transit Number
    Sending amount limit/charges/processing time
  • We may remit foreign exchange up to US$ 50,000/-or equivalent in other foreign currencies on account of sender’s request. Charges are fixed as low as 2500 rupees for any amount being sent. Correspondent / intermediary bank also charge a service fee up to $40. Telegraphic transfer should take around 24 to 48 hours.

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