| Cheque | Demand Draft |
| 01. A cheque can be payable to bearer. | 01. A draft can not made payable to the bearer. |
| 02. The payment of cheque can be countermanded (stop payment). | 02. Normally the payment of draft can not be countermanded. |
| 03. In case of cheque, the banker has indirect liability. | 03. In case of Demand Draft, the banker has a direct liability. |
Tuesday, July 27, 2010
Difference between Cheque and Demand Draft
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