the bank from which the demand draft has been made
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 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.
demand
MICR no. is a nine digit no. which is exactly after the six digit demand draft no.
what do u mean by bank drrawn on in demand draft
In order to encash or convert a demand draft, you will need to take it to a branch of the bank it was drawn on. The bank will be able to do it for you.
Demand Draft should be drawn in favour of the "Special Officer, CET Cell, Bangalore", payable at Bangalore.
A Demand draft is a cheque like instrument that can be encashed by the person on whose name the draft is drawn. The difference is that you can make a demand draft only after remitting the required funds to the bank. so it is as good as cash. It can be used anywhere you need to remit cash. for example to pay examination fees, monthly payments to your grocer etc.
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 following are the main differences between a cheque and a demand draft: 1. A cheque is issued by an individual, whereas a demand draft is issued by a bank. 2. A cheque is drawn by an account holder of a bank, whereas a draft is drawn by one branch of a bank on another branch of the same bank. 3. In a cheque, the drawer and the drawee are different persons. But in a draft both the drawer and the drawee are the same bank. 4. A Cheque can be dishonored for want of sufficient balance in the account. Whereas a draft cannot be dishonored. Hence there is certainty of the payment in the case of a demand draft. 5. Payment of a cheque can be stopped by the drawer of the cheque, whereas, the payment of a draft cannot be stopped. 6. A cheque is defined in the Negotiable Instrument Act, 1881, whereas a demand draft has not be precisely defined in the NI Act. 7. A cheque can be made payable either to a bearer or order. But a demand draft is always payable to order of a certain person.
what is the procedure for the cancellation of demand draft? what is the procedure for the cancellation of demand draft?
it is an application used for issuing demand draft
yes