what is the difference between pay order & D.D.?
Answer Posted / hussain riaz shah
The pay order is a cheque issued by the bank in favour of a
beneficiary. It is also known as the Cashiers Cheque or the
Managers cheque. It is issued only against cash by cheque
which is debited immediately. It is payable withing the
city.
the Demand Draft or the DD is again by the bank in favour
of a beneficiary but is payable in another city at the
branch on which it is drawn.
The pay order charges are ususlly a flat rate where as the
charges for a DD are a percentage of the amount of the DD.
Is This Answer Correct ? | 43 Yes | 9 No |
Post New Answer View All Answers
What is account
why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?
why do you think you are sutable candidate for this post
What is compensation theorem?
what are your plans after completing your MBA (or) studies ?
what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?
Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.
Expand-------NSAC
hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc
What is ABC Analysis in industrial function. hw can it s maintain ?
What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry
How to maintain Purchase Orders ? Please explain by proper format.
what is Tds %,Service tax %,Cess %,and ESI,PF %,and what is the use of this.
EXPAND___________IMA
What is revaluation of assets.when it occurs