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A Demand Draft is a fixed value monetary instrument that is made out in cases where in the party that is receiving a payment for a service wants a guarantee that funds would be available when they try (unlike a cheque/check which can bounce due to lack of funds) to cash it. So to help in such a situation, we have demand drafts. When a draft is taken, the customer taking it will pay the money upfront, so there is no way a draft gets rejected or not paid. Mostly drafts are used when you apply for a college exam or study course etc. where the colleges cannot track if your check bounces.
What else can I help you with?
Demand draft drawn on?
the bank from which the demand draft has been made
What do you need to make a Demand Draft?
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.
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.
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?
What are the Demand draft cancellation charges in state bank of India?
I have a further query that whether a Demand draft made at kota, rajasthan be cancelled at lucknow, up. If so what would be the charges on it?
How can you find demand draft number in Syndicate bank draft?
The demand draft is another name for a tele-check. The demand draft number through a Syndicate bank draft is usually found at the bottom of the check.
What is a demand draft application form?
it is an application used for issuing demand draft
Is crossed demand draft is same as account payee demand draft?
yes
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.
