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प्रश्न
What is a bank draft?
संक्षेप में उत्तर
उत्तर
- A bank draft is a type of cheque drawn by a bank either at its own branch or at another bank. in favour of a third party.
- It is payable to the person named in it or to his order. It Is always payable on demand and is, therefore, also known as 'demand draft'.
- A bank draft is the most convenient and safe means of sending money from one place to another.
- It is safe because its amount is credited to the account of the person named in it.
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Bank Draft
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संबंधित प्रश्न
It is a banker's cheque.
A cheque can be ______.
A demand draft is preferable to a cheque. Justify either for or against.
State one difference between cheque and bank draft.
Bank draft cannot get dishonomed. Justify for or against.
Why is a bank draft a safe mode of money transfer?
Distinguish between a cheque and bill of exchange.
