Understanding the Use of Demand Draft for College Fees
Many students face the challenge of paying college fees through a demand draft (DD), especially if they do not have access to their own bank accounts. A question that often arises is whether it is acceptable to use your father's bank account to pay these fees, and if the name on the DD is that of your father instead of your own. Let's explore the legality, feasibility, and common practices related to this issue.
Does the College Care Who Paid?
Relax! The college, having received the fees, is not concerned about the source from which the DD was drawn. Whether the money came from your own account or your father's, the college only cares about whether the prescribed fee has been paid. The institution’s main concern is to ensure that the fees are paid and processed successfully, rather than the specific account from which the payment was made.
No Problem: Common Practice Among Students
It’s a common scenario for students to pay their college fees from their parents' bank accounts. Many students expertly negotiate with their parents to fund their education, and the same applies to paying college fees. Since the college requires a DD payable to the college, your father simply followed the direction provided by the institution to make the payment from his bank account. This is a standard and acceptable practice.
The Details in a Demand Draft
It’s important to understand that the demand draft (DD) is written and payable to the college, not to the individual making the payment. The name of the applicant does not appear anywhere on the DD. This means that as long as the DD is valid and has been drawn in the name of the college, there is no issue in handing it over to the college as proof of payment. The payment source is irrelevant as long as the funds are securely transferred.
What Happens If There Is a Problem?
If there were any issues with the DD (such as incorrect amounts or format), those would need to be rectified before submission. There is no problem with using your father's account to make the payment as long as the college receives a valid DD. However, if you have any doubts or issues with the payment process, it's always better to address them with the college well in advance of the admission date to avoid any complications.
Conclusion
In summary, using your father’s account to pay for college fees by means of a DD is perfectly acceptable. The college is only concerned with the validity and proof of payment. So, if your father has made the payment via a DD, by all means, submit it to the college as part of the admission process. Remember, timing is crucial, and addressing any potential issues early on can save you a lot of stress and ensure a smooth admission process.
Frequently Asked Questions
Q: Can I use a demand draft from my father's account to pay for college admission fees?
A: Yes, you can. As long as the DD is valid and payable to the college, the source of the funds does not matter to the college. The main concern is that the fees are paid, and the DD is the proof of payment.
Q: Is there any difference if the applicant's name is not on the DD, but it's made from my father's account?
A: No. The college only sees that the DD is valid and payable to them. The payment source is not of their concern. That’s why the name of the applicant doesn’t appear on the DD.