What is difference betwwn cheque & DD
Answers were Sorted based on User's Feedback
Answer / vaseem
check will be issued
by an account holder and whereas DD can be issued by a
banker only Cheque may get rejected due to lot many
reasons....but DD will not get rejected.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / rabindra mallick
(1) Cheque can drawn by account Holder, but DD can be drawn by bank on behalf of account holder.
(2) Cheque has chance to dishonour than DD.
| Is This Answer Correct ? | 1 Yes | 0 No |
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