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How will you get the refunded money on hand or they will deposit in your account if you cancelled the demand draft?
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What is money in a checking account called?
Money in a checking account is called demand deposit.
What does dda mean in ATM transfer to dda number?
DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.
What is the technical name for checking account is?
Demand Deposit Account
What is DDA in reference to banking?
Demand Deposit Account
Will the money supply increase if people deposit their cash into a demand deposit account?
yes
How does a cheque work?
A check is a demand. It is an order to pay someone form your checking account. A checking account is a demand deposit.
What does debit DDA mean?
DDA stands for Demand Deposit Account. It is your deposit account. A term used widely in payments industry
What is Demand deposit?
A demand deposit is a normal checking or savings account at a bank. Demand deposit accounts can be drawn against by writing a check or withdrawing cash. They can also be drawn against by the use of a debit cards.
Difference between time deposit and demand deposit?
Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution. Time Deposit It is type of deposit which is in contrast to demand deposit and funds are not available immediately .These are also known as term deposits .
What describes a demand deposit?
money in a checking accountMoney in a checking account
What is another name for checking account?
"cuenta corriente" this is in spanish
How do you write application form of cancellation of Demand Draft?
Dear Sir, I had obtained a Demand Draft (DD No: -----) on ------ (Date) from your bank for Rs. -----/- in favor of ----- (The person for whom you took the DD). Due to some unavoidable circumstances, this DD is no longer required. Hence I request you to cancel the DD and deposit the money into my savings account no: ----- (Your account Number) Thanks, Your signature. Address the letter to the bank manager and you would get the DD cancelled and money deposited to your account.
