| Demand Draft | Pay Order |
| 01. It is negotiable instrument (usually) | 01. It is not negotiable instrument. |
| 02. It is payable to same bank with other branch | 02. It is payable on the issuing branch. |
| 03. It is mode of remittance. | 03. It is not mode of remittance. |
| 04. Payment made in one place to another place. | 04. Generally payment made is locally. |
Tuesday, July 27, 2010
Difference between Demand Draft and Pay Order
Subscribe to:
Post Comments (Atom)
is Pay oder payable by branch of same bank or any other bank
ReplyDeleteis it payable for specified person or any other person
ReplyDelete