Question

What do you mean by demand draft payable at branch?

Answer 1

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HELLO BRAINLY USER
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HERE IS YOUR ANSWER
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A demand draft is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee).


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Answer 2

A Demand Draft is an instrument that one bank branch draws on another bank branch.

If the particulars of a receiving bank branch are specified, the process of encashing the Demand Draft becomes easier for the receiver.

When the receiving branch is not specified, it may delay the time for withdrawal of the amount.