Economy, asked by jiyamukherjee2490, 1 year ago

Difference between demand draft and bankers cheque

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Answered by dipshikhadhartsk
1

Answer:

Banker's Cheque is issued for transfer of money within the local boundaries, whereas the Demand Draft is issued for transferring money of the person residing in two different places. ... The banker's cheque is pre-printed with the word “Not Negotiable” however, this is not so in the case of demand draft.

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