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What is the difference between demand draft, pay order, bankers cheque?

Asked by vijayarani ramasamy, 08 Aug '08 11:38 am
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Answers (1)


Dd and po are types of banker's cheque.dd is issued when it is to be drawn at a place which lies outside the city or which does not come under local clearing and po are drawn when it is payable at a local bank withing the city.
Answered by roopa ram, 08 Aug '08 12:41 pm

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Banker's cheque is issued for local use,,,, Demand Draft is for outstation use..more