What is the difference between banker's cheque and Demand draft?
Menu
Banker's cheque and Demand draft difference
Replies (4)
While taking DD you will have to fill "Payable at". If you "payable at" place is in the same city where the bank is then they will issue Bankers cheque or else they will issue DD. Both have same nature except above.
Demand Draft and Bankkers Cheques are same type of instrument. Difference is only that Bankers cheque is issued for payment in same city while demand Draft is issued for payment in other city.
Thank you sirs.
| Originally posted by : Rajesh | ||
 |
Demand Draft and Bankkers Cheques are same type of instrument. Difference is only that Bankers cheque is issued for payment in same city while demand Draft is issued for payment in other city. |
 |
exactly
Recent Topics :
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
Related Topics :
CAclubindia
