Give the difference between cheques and Demand Draft.

Sharad Jaiswal
Sharad Jaiswal

Posted On: Feb 22, 2018

 

The basic difference between cheque and demand draft is:

ChequeDemand draft
For a cheque, an individual's permission is required to withdraw money from the account.For a demand draft, firstly you will require to pay the money and then bank issues demand draft.

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