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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.

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Related Questions

What is a demand draft application form?

it is an application used for issuing demand draft


What is a draft application form?

it is an application used for issuing demand draft


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.


How can you find the IPO serial number in Demand Draft?

You can find the IPO serial number in Demand Draft by looking at the bottom of the document. A demand draft is also known as a check by phone. They are used in India.


What is the Demand Draft No?

It is a unique number that is used to identify the demand draft. it is usually printed on the bottom or left hand side of the DD


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 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.


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?

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