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Does a Demand Draft in India guarantee the recipient the money Is there a circumstance under which the buyer can give me a DD that I cannot convert into cash at the bank Or does DD equal Cash?
Wiki User
∙ 11y ago
If the DD is from an authentic bank and is addressed to the payee then its as good as cash.
To get a DD people have to pay cash ahead of time which guarantees the money.
To cash a DD the recipient should have a bank account.
To know more or order demand draft online you can check this link on Indolegal demand draft service.
http://www.indolegal.com/corporate-services/demand-draft-India-1.html
Wiki User
∙ 11y ago
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since I do not know the answer,guys if it is clear for you send the answer via habtamuasitatikie@gmail.com
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