0
A Demand Draft is an instrument that signifies the availability of cash till the amount specified in the DD. It is similar to a cheque in appearance and usage with the difference that a cheque may or may not get cashed but a DD is guaranteed payment.
While issuing a cheque you need not have cash in your account but still issue it. But in case of a DD you must have cash and that amount would be debited the moment you issue a DD and the payment would happen when the customer deposits the DD.
Wiki User
โ 15y ago
ฤlรฎฤ ล Lรดpฤลพ
Defining Explain what a state -chartered bank is
Add your answer:
Earn +20 pts
Demand draft drawn on?
the bank from which the demand draft has been made
How can you find demand draft number in Syndicate bank draft?
The demand draft is another name for a tele-check. The demand draft number through a Syndicate bank draft is usually found at the bottom of the check.
What is bankers name in a demand draft?
The bankers name in a demand draft is the name of the bank from where u purchased the demand draft.
Is bank draft and demand draft same?
yes
What is bank drat?
A Certified Bank Draft refers to a Demand Draft that is signed/certified by an authorized bank official. It means that the Demand Draft is a valid monetary instrument and the money value mentioned in the draft would be paid by the issuing bank to the customer anytime in the near future (3 months before which the Draft expires) and there is no way the bank can refuse payment on it.
Who is drawee bank in demand draft?
A demand draft is a type of check that contains the buyers account number but not their signature. The drawee bank in a demand draft is the branch of a particular bank.
Demand draft drawn on?
the bank from which the demand draft has been made
How can you find demand draft number in Syndicate bank draft?
The demand draft is another name for a tele-check. The demand draft number through a Syndicate bank draft is usually found at the bottom of the check.
How do you get serial number from state bank of mysore demand draft?
demand draft number in state bank of mysore
What is bankers name in a demand draft?
The bankers name in a demand draft is the name of the bank from where u purchased the demand draft.
Is bank draft and demand draft same?
yes
Is bank draft and demand draft mean the same?
yes.....
How do you encash Demand draft?
In order to encash or convert a demand draft, you will need to take it to a branch of the bank it was drawn on. The bank will be able to do it for you.
What do you mean by drawn on in the case of a demand draft?
what do u mean by bank drrawn on in demand draft
How can you find the bank name in demand draft?
The name of the bank issuing the demand draft is usually imprinted on the top or bottom of the draft. It is usually printed in bold font which is easily identifiable. Even the details of the branch issuing the draft can be found in the draft.
Process of obtaining a demand draft anationalized bank?
no
Demand draft Charges in Vijaya bank?
49000
