Demand draft

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 branches to pay a certain sum to the specified party (payee).

A demand draft can also be compared to a cheque. However, demand drafts are difficult to countermand. Demand drafts can only be made payable to a specified party, also known as pay to order. But, cheques can also be made payable to the bearer. Demand drafts are orders of payment by a bank to another bank, whereas cheques are orders of payment from an account holder to the bank.

Definitions and regulations by region

In United States

Demands drafts are also known as sight drafts, as they are payable when presented by sight to the bank. Under UCC 3-104, a draft has been defined as a negotiable instrument in the form of an order. The person making the order is known as the drawer and the person specified in the order is called the drawee, as defined in the UCC 3-103. The party who creates the draft is called the maker and party who is order to pay is called the drawee.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Demand_draft

Latest News for: Demand draft

Kerala: SBI, ICICI Bank waive off various transaction charges for flood-hit customers

DNA India 19 Aug 2018

The State Bank of India and ICICI Bank have announced to waive off various transaction charges for flood-hit people in Kerala. The southern state has been ravaged by one of severe floods in the century. The banks have also annnounced a number of financial measures to provide financial relief to the people.  ... 1. Amazon ... 2. Paytm ... 3 ... Donations can be made through cheques or demand drafts (DD), or internet banking. ... Account number ... ....

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Hero gets ‘Hero’ response: Girl donates her savings for Kerala floods, Twitter helps her getting bicycle

DNA India 19 Aug 2018

A baby girl from Tamil Nadu has donated Rs 9,000 to help victims of flood-ravaged Kerala. Anupriya from Vizhuppuram has been saving for her bicycle from last four years but when she witnessed the level of suffering due to the floods in the southern state she did not waste a minute in deciding that her dream of owning a bicycle could wait.  ... 1. Amazon ... Donations can be made through cheques or demand drafts (DD), or internet banking ... ....

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Kerala floods: As Supreme Court judges, lawyers start relief drive, here's how you can donate

DNA India 19 Aug 2018

Lawyers and judges from the Supreme Court have organised a drive to collect relief materials for flood-hit Kerala. According to a LiveLaw report, materials such as bedsheets, food items, drinking water, etc were collected on Saturday till midnight. Justices Kurien Joseph and KM Joseph were among those collecting the relief materials, the report added ... 1 ... 2 ... Donations can be made through cheques or demand drafts (DD), or internet banking ... ....

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Kerala Floods: Helpline numbers, emergency contact details and how to donate!

Mid Day 19 Aug 2018

The state of Kerala has been ravaged and tormented by unprecedented floods following torrential rains that also triggered landslides, claiming more than 300 lives since 8 August. The torrential rains have managed to disrupt air, rail, and road traffic in several places across the state of Kerala ... Pic/Twitter/Narendra Modi ... https ... Donations can also be made through cheques or demand drafts (DD), or even via the medium of internet banking....

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Trump wants to sign more security revocations as "a distraction during unfavorable news cycles"

Democratic Underground 18 Aug 2018

ICYMI WaPo reports WH has drafted documents revoking the security clearances of current and former officials whom President Trump has demanded be punished for criticizing him or playing a role in the investigation of Russian interference... ... White House drafts more clearance cancellations demanded by Trump ... The White House has drafted documents ......

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The 1908 flood that changed the face of Hyderabad

The Hindu 18 Aug 2018

Over the next 48 hours, the downpour continued in the Musi river basin logging 98.57 cm rainfall ... The credit for city’s transformation goes to the team of experts put together by Nizam Mir Osman Ali Khan, who drafted engineer M ... He was drafted for a princely salary which a Bombay newspaper reported. “What kind of expert this Indian engineer could be to demand and obtain the salary drawn by the Commissioner of a Revenue Division?” ... Mr....

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White House drafts more clearance cancellations demanded by Trump

The Daily Republic 18 Aug 2018

White House drafts more clearance cancellations demanded by Trump. By Washington Post Today at 9.22 p.m ... 17, 2018 ... WASHINGTON - The White House has drafted documents revoking the security clearances of current and former officials whom President Donald Trump has demanded be punished for criticizing him or playing a role in the investigation of Russian interference in the 2016 election, according to senior administration officials ... ... . ....

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Kerala floods: Here's how you can donate via Paytm, Amazon and other platforms

DNA India 18 Aug 2018

Kerala has been dealing with unprecedented floods following torrential rains that also triggered landslides, claiming 97 lives since August 8 besides disrupting normalcy in every sphere of life. While every citizen pray sfor the well being of god's own country. Prime Minister Narendra Modi also took a stock of the relief operations in the city.  ... Donations can be made through cheques or demand drafts (DD), or internet banking ... ....

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Kerala needs you: Here's how you can donate, helpline numbers and other details

DNA India 18 Aug 2018

Rain-ravaged state of Kerala in in dire need of support from the country. According to state disaster management authority, 194 people have lost their lives and 36 are missing in Kerala since August 8 due to rains and landslides, while over 3.14 lakh people have been moved to relief camps ... Red Alert issued for today in 11 districts ... 1. Amazon ... 2. Paytm ... 3 ... Donations can be made through cheques or demand drafts (DD), or internet banking ... Bank....

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Safety fears as Dundee provides fire service cover for Aberdeen

The Courier 17 Aug 2018

A Dundee councillor has demanded assurances that city residents are not being put at risk because firefighters are being drafted in to provide cover in Aberdeen . ... ....

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Help us help Kerala

The Hindu 17 Aug 2018

The human suffering and devastation of an unprecedented magnitude wrought by the ongoing rain and floods throughout Kerala call for a huge relief effort ... Contributions may be made in rupees by crossed cheque or demand draft (payable in Chennai) drawn in favour of ‘The Hindu Relief Fund’ ... A receipt will be issued ... IFSC. CBIN0280879 ... 3453685237 ... .......

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Kerala floods: Here's how you can make your contribution to CM's Distress Relief Fund

International Business Times 17 Aug 2018

Kerala is facing one of its worst disasters in over a century and the state needs financial assistance from the people of the country to help rebuild the houses of those affected and rehabilitating them. Each one of us can do our bit by making a contribution to the Chief Minister Distress Relief Fund. Here's how you can make donations to the fund. THROUGH ONLINE PAYMENT. ... TRANSFER TO BANK ACCOUNT. ... Bank ... THROUGH CHEQUE/DEMAND DRAFT. ....

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Here’s Kerala floods helpline, emergency contacts, ways to donate for the affected

Deccan Chronicle 17 Aug 2018

New Delhi. Life for people in Kerala, as they have known it, has seen a sea-change since August 8. The state has been ravaged by incessant rains, claiming 173 lives in the process ...  . The government in Kerala has appealed for financial donations and essential items to help the thousands of people who have been displaces ... ... . Donations can be made through cheques or demand drafts (DD), or internet banking ... ... 67319948232....

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