| 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. |
Showing posts with label Difference between Demand Draft and Pay Order. Show all posts
Showing posts with label Difference between Demand Draft and Pay Order. Show all posts
Tuesday, July 27, 2010
Difference between Demand Draft and Pay Order
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