Demand Draft: Latest News and Updates, Top Stories, Videos, Photos About Demand Draft

Demand Draft News

Most of the banks in India uses several negotiable instruments like cheque, bills of exchange to receive and transfer fund from one customer's account to another of from one bank account to another and so on. One such instrument which is ...

New Demand Draft Rules Apply To Check Money Laundering

In a bid to check illicit financial transactions and money laundering, RBI has new guidelines in relation to issuance of demand draft. On Thursday, the apex bank has asked banks to add the purchaser's name on the face of the DD, ...

How To Make SBI Demand Draft Online?

For most of the busy individuals visiting the bank to do any transaction is time-consuming. If you are bank customer who often issue demand draft, there is an online way through which you can issue a demand draft by following simple ...

What Is A Negotiable Instrument Act, 1881 In India?

Negotiable Instruments Act, 1881 is a law relating to all negotiable instruments such as promissory notes, bills of exchange and cheques. The word "negotiable instrument" means a document which is transferable from one person to another. As per definition ...

Demand Draft (DD): 10 Interesting Facts To Know

Demand draft is a negotiable instrument which can be used to make payments. When the Demand Draft is presented the amount mentioned has to be paid by the drawee bank. The demand draft is made payable on a specified branch of ...

Difference Between Pay Order and Demand Draft?

If you are new to the banking world you might struggle understanding a few terms. While you may have the option of doing an NEFT and RTGS, in certain instances you might end-up doing a pay order or a demand draft. ...