Social Sciences, asked by mariyamnaaz54, 2 months ago

what is demand draft

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Answered by llNehaII

4

Ans=A demand draft is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client, directing another bank or one of its own branches to pay a certain sum to the specified party. A demand draft can also be compared to a cheque. However, demand drafts are difficult to countermand.

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