Social Sciences, asked by rahulsharma12388, 1 year ago

what are demand draft

Answers

Answered by jecquiline
4
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
Answered by shahrajat5p6lx2g
5
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!
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