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Q: Why demand draft better than telegraphic transfer?
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What is an example of mobility?

An engineer taking a job at a different factory.


What is demand draft?

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.


Is demand draft and bankers cheque the same?

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


How is a demand draft used?

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.


Modes of payments in international business?

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)


Show a demand draft with a demand draft number?

which one is the dd number on a demand draft


What is the meaning of demand draft and normal draft?

is any future of demand draft


How can you find the DD in Demand Draft?

A DD refers to a Demand Draft. Can you explain on what exactly you want to find in a Demand Draft?


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.


Demand draft drawn on?

the bank from which the demand draft has been made


What is the procedure to cancel a demand draft whose validity period has expired?

what is the procedure for the cancellation of demand draft? what is the procedure for the cancellation of demand draft?


Full form of DD?

"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"