What is prefix on demand draft?
The prefix in the term demand design is "de". It is used to imply intensity to the demand which is a strong request.
A Demand Draft is essentially a Cashier's Check (or Pay Order). What is required to make a Demand Draft are two components: Name of the Beneficiary (to which the demand draft would be made) and needless to say, the money for the amount of the demand draft. Your bank may affix additional charges for making a demand draft.
A demand draft is a monetary instrument that can be considered as equivalent to cash. It is similar to a cheque but with a difference that it is fully safe because the drawer of the draft has to make the payment in order to get the draft. So, the receiver of the draft can be sure that he will get paid for the draft. That is why most schools and colleges expect payment via demand…