Why do organizations prefer to collect fees through DD than cheque?
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“DD is a preferred mode over the cheques as its payment can't be denied as in case of cheques due to insufficient funds. Demand draft charges are not constant and vary from bank to bank and also according to the value of the draft.
Answered by
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DD is a preferred mode over the cheques as its payment can't be denied as in case of cheques due to insufficient funds. Demand draft charges are not constant and vary from bank to bank and also according to the value of the draft.
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