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Demand Draft is used by individuals to make transfer payments from one bank account to another. Demand Drafts are marketed as a relatively secure way of cashing checks. The difference between a Demand Draft and a Normal Draft is that a Demand Draft do not require a signature in order to be cashed.
no they r not same. a demand draft means a bank orders other banks or its branches to pay money to a person whose name have written on draft.it has a long proses.but we can use telephonic or telegraphic transfer too to made this proses easy. In the other hand ACCORDING TO ME bankers cheque r for loans which one bank borrow from other
A Demand draft is used by two people: 1. The Customer who is taking the Draft - He uses the draft to make a payment to another party 2. The Customer who is receiving the Draft - He uses the draft to receive a payment for any goods or services provided to the customer 1. A demand draft is a monetary instrument that is used for transfer or payment of money from one individual to another.
There are 7 modes of International Payments: 1. Demand Drafts 2. Mail Transfers 3. Telegraphic Transfer 4. SWIFT( Society For Worldwide Interbank Financial Telecommunication) 5. Letters Of Credit 6. Through Settlement 7. via CHIPS ( Clearing House INternal Payment System) and CHAPS ( Clearing House Administrative Payment System)
which one is the dd number on a demand draft
is any future of demand draft
A DD refers to a Demand Draft. Can you explain on what exactly you want to find in a Demand Draft?
The bankers name in a demand draft is the name of the bank from where u purchased the demand draft.
the bank from which the demand draft has been made
what is the procedure for the cancellation of demand draft? what is the procedure for the cancellation of demand draft?
"dd" is a command within UNIX and Linux based operating systems that allows one to perform low level copies of devices. dd may have at one point stood for "disk duplicator"