Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between pay order & D.D.?
- 12 Answers
- 81059 Views
- DCB Bank, ICICI, Krishi Bank, I also Faced
- E-Mail Answers
Answer Posted / sanju mandiyan
A demand draft is a pre paid negotiable instrument, wherein
the drawee bank undertakes to make payment in full when the
instrument is presented by the payee for payment. The
demand draft is made payable at a specified branch of a
bank at a specified centre. In order to obtain payment, the
beneficiary has to either present the instrument directly
to the branch concerned or have it collected by his bank
through the clearing mechanism.
A banker’s cheque(Pay Order) is another payment instrument
which is used by the banks to settle payment obligations on
behalf of their customers. This instrument is guaranteed by
the bank for its full value and is similar to a demand
draft. In practice, these instruments are payable at the
branch of issue and are used for payment within the local
clearing jurisdiction
| Is This Answer Correct ? | 7 Yes | 2 No |
Post New Answer View All Answers
what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.
Whatis new GL & Odd G.L What is the difference between these two.
Why you choose commerce faculty & not science or Why you are in commerce & not in science ?
where is suspense entry is entered in tally erp9
if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.
What Settlement details are required on the delivery instruction slip?
what is mean by provision ? give me examples ..
What is money measurement concept
what is debit/credit note ? what deffered income and expencess?
What is COVER payment?
i have working in contruction company i want billing outside delhi pls. tell me can i bill with tax invoice party provide tin no.
Can I check my Vantage credit score range online?
What is DRA in bank reconciliation.
how to calculate share values of a company.
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
