What is the difference between banker's cheque and Demand draft?
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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 | ||
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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. |
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exactly
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