A demand draft is good for three months from the date of issuance. The demand draft then becomes invalid. It should be noted that the funds won’t be placed into the drawer’s account even after the demand draft expires.  The drawer, who must go to the bank to revalidate the demand draft, may extend the demand draft’s expiration date by another three months. Remember that only the drawer has the authority to revalidate the demand draft, not the payee or anybody else. Additionally, it cannot be revalidated if the demand draft expires a second time.