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what is the difference between cheque and draft
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Answer Posted / shahbaz
a cheque is issued by a person from his personal account.
The bank will not honour the cheque. If sufficient balance
is not there in your account. But a demand draft is issued
by a bank only when the amount of draft plus commission has
been paid to bank up front and in the case the payment
against the bank draft is guaranteed by the issuing bank.
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