"Demand Draft"

SBI DD Charges

A demand draft is a bank-issued negotiable instrument. The drawer is the person who issues the draft, and the payee is the person on whose behalf it is issued (beneficiary). A demand draft is similar to a bill of exchange that the payee iss...

published on Dec 12, 2021

Demand Draft Status

Overview Demand draft, also known as DD, is one of the payment instruments issued by banks, payable in full on demand. The negotiable instrument is issued by the bank to the customer, asking a bank or one of its branches to pay the spe...

published on Dec 12, 2021