Difference between Cheque and Demand Draft

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.