How to make demand draft in sbi online/offline 2021 | डिमांड ड्राफ्ट कैसे बनाएं घर बैठे ? DD cheque
Ajay K. Bhagat | Posted on 17th of March, 2021 10:04PM IST
What is Demand Draft ?
A demand draft (DD) is a Negotiable Instrument similar to a bill of exchange. DD is used to transfer money from one city to another or from one person to another, DD is generally used for Loan Repayment, Payment for Education fee, payment to firm, Educational purposes and more other purposes making payment and it can be considered as more secure than cheques. Demand Draft is also compared with a Cheque.
A bank issues a DD to an individual drawing another bank or its own branches to honor the amount mentioned on it. It is a source to transfer money by a person from one city to another.
What is the Difference Between demand draft (DD) and Cheque ?
A DD can be compared to a cheque where a cheque is issued by the account holder. On the other hand, A Demand draft is issued by the bank as per the request received from the purchaser (customer) of the draft on receiving branch or Customer can also fill demand draft slip offline by visting any nearest bank.
Moreover, unlike cheques there is no chance of bouncing of a DD. Also in case of a cheque, no charges are imposed by the bank But certain charge/sum is imposed in the form of fee in case of a Demand draft and if you wants demand draft will delivered at your home then you have to pay courier additional charges. By courier your Demand Draft will be delivered within 3-4 working days
How to Make Demand Draft online for any bank ?
Youtube Video link- Click here
