what is the difference between cheque and demand deposits??
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The funds in BC account until payment is treated as part of demand deposits of the bank. Demand draft is an instrument issued at one branch and payable at a different branch of the same bank. Reconciliation of the account is done centrally. ... A banker's cheque is a cheque issued by a banker.
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a cheque is an instruction to the bank to pay a certain amount to the payee specified in the cheque whereas a demand deposit are deposits where the customer withdraws money from his account on demand. In a cheque, the payee gets the money but in DD the customer gets the money
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