Question

what are demand draft

Answer 1

hii mate
here your answer is :-

demand drafts are also called sight drafts . it is used in banks for depositing money .

hope it helps you ...THANKS
---jecquiline

Answer 2

Hi there!

For depositing money to another bank, person or organisation, a form of money deposition.

It requires some formalities like filling a form. And Cash is being submitted to the bank.

They may or may not ask for a fees

Hope it helps!