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What is Demand Draft ? - Commerce

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प्रश्न

What is the Demand Draft? 

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उत्तर

A demand draft is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer). directing another bank (drawee) or one of its own br.anches to pay a certain sum to the specified party (payee). 

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Issue of Demand Drafts Online
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2016-2017 (March) Set 1
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