UrbanPro
Login Ask & Answer Success Stories Paid Courses Free Classes Tuition & Classes Fees Write a Review All Categories Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore

Hyderabad

Delhi

Mumbai

Chennai

Pune

Kolkata

Gurgaon

Ahmedabad

Jaipur

Noida

✕

Take Class 10 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Book a Free Demo

Class 10 > Learn Class IX-X Tuition > What is the difference between a Demand draft and a...
✕

Search in

What is the difference between a Demand draft and a Cheque?

Asked by Last Modified  

5 Answers

Learn Class IX-X Tuition +1 Social science

Follow 0
Answer

Please enter your answer

Lecturer with 1year experience in polytechnic college

DD- transfer of money, it is issued by a bank and it is only a payable method,cannot be dishonored, need signature. Cheque - issued by an individual person, not only a payable method, can be dishonoured, does not need signature
Comments
Dislike Bookmark

Tutor

A cheque is a Bill of Exchange drawn on a specified banker and not expressed to be payable otherwise than on demand. The Demand Draft is a pre-paid Negotiable Instrument, wherein the drawee bank acts as guarantor to make payment in full when the instrument is presented.
Comments
Dislike Bookmark

A cheque is a bill of exchange drawn on a specified bank and not expressed to be payable otherwise than on demand. A demand draft (DD) is an order to pay money drawn by one office of a bank upon another office of the same bank bank for a sum of money payable to order on demand. Following are some more...
read more
A cheque is a bill of exchange drawn on a specified bank and not expressed to be payable otherwise than on demand. A demand draft (DD) is an order to pay money drawn by one office of a bank upon another office of the same bank bank for a sum of money payable to order on demand. Following are some more differences: Key Differences Between Cheque and DD: 1. Cheque is payable either to order or bearer whereas Demand Draft is always payable to the order of a certain person. 2. Cheques can be dishonoured due to insufficient balance, whereas dishonour is not possible in case of DD due to pre-payment of the amount. 3. Cheques are issued by the customers of the bank while the bank itself issues the DD. 4. Cheque book facility is available only to the account holders of the bank, but DD facility is available to both the account holders and non-account holders. 5. The purpose of the cheque is to make payment in a safe and easy mode while the purpose of the DD is to transfer money from one place to another. 6. In cheque payment is made after presenting cheque to bank, while in DD is given after making payment to bank. 7. Payment of cheque can be stopped by drawee, whereas payment cannot be stopped in DD. 8. In cheque drawer and payee are different person. In DD, both parties are banks. 9. A cheque needs signature to transfer amount, While DD does not require signature to transfer funds. read less
Comments
Dislike Bookmark

Learn Beyond School

5 difference in DD and cheque. 1- DD issued by Bank. Cheque issued by customer. 2-Cheque can be bounce due to insufficient of balance in bank account while DD can't be dishonored as amount is paid before hand. 3-cheque payment is made after presenting cheque in bank . while DD is given after making...
read more
5 difference in DD and cheque. 1- DD issued by Bank. Cheque issued by customer. 2-Cheque can be bounce due to insufficient of balance in bank account while DD can't be dishonored as amount is paid before hand. 3-cheque payment is made after presenting cheque in bank . while DD is given after making payment to bank. 4-A Cheque can be paid to bearer or order. While, DD is paid to person on order. 5-cheque can be stoped by person who issue that while DD can't be cancel. read less
Comments
Dislike Bookmark

Experienced Mathematics com ECE Educator

1. Cheque is issued by customer, whereas Demand draft is issued by the bank. 2. In cheque payment is made after presenting cheque to bank, while in DD is given after making payment to bank. 3. Cheque can bounce due to insufficient balance . DD cannot be dishonored as amount is paid beforehand.
Comments
Dislike Bookmark

View 3 more Answers

Related Questions

If a:b = 5:3, find the value of (5a + 8b) : (6a - 7b)?
49:9
Supriyo
(2^2013)when divided by 17, the remainder is?
First find the number of cyles for each number. That is 2^1 is 2 , 2^2 is 4 2^3 is 8 2^4 is 16 (6 is the unit digit) 2^5 is 32 ( 2 is the unit digit). So the cycle for the last digitis is ( 2, 4, 8, 6)...
Pradeep
2 0
9
Why do we apply paint on iron articles?
When iron comes in contact with atmospheric air, it gets corroded or rusted. A reddish brown colour is deposited on its surface called a s rust; which damaged the iron article. Hence, to prevent such rusting we apply paint the iron articles.
Raindial
An athlete completes one round a circular track of diameter 200 m in 40 seconds. What will be the distance covered and the displacement at the end of 2 minute and 20 seconds.
Ans: Time taken = 2 min 20 sec = 140 sec. Radius, r = 100 m. InTime to complete one round = 40 sec So, Round completed in 140 sec = 140 ÷ 40 = 3.5 (three and a half) round. Or, distance covered...
Guru
What is human capital?
Human capital is a term popularized by Gary Becker, an economist from the University of Chicago, and Jacob Mincer that refers to the stock of knowledge, habits, social and personality attributes, including...
Raj

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Le verbe - être (présent)
Conjugation of être verb Je suis - I am Tu es -You are ll/Elle est - He/She is Nous sommes - We are Vous êtes - You are Ils/Elles sont - They are Here are some examples, how to use this...

Priyanka Arya

0 0
0
Balancing A Chemical Equation
When is an equation called balanced / unbalanced?An equation is said to be balanced when there are equal number of molecules for each element on both sides of the equations.When approaching a chemical...

Winning Edge Academy

3 0
0
I just talk with chalk
Do quality study ...don't focus on hours jst focus on wat u gain in those hours...and don't just read have a vision to imagine ..make ur dreams solve ur problems

Radhika Sarda

0 0
0
Communication Skills
Hello Students, I hope you guys are doing well. I am here to take care of a very important aspect of our day to day life called as Effective Communication. How would you feel if you are not able to understand...

Sudhir Haridas

0 0
0
learn in less time and as a fun
If you want to learn the topics in very less time and with a littlw bit of fun; make some funny lines or few stories.

Pankaj Mishra

0 0
0

Recommended Articles

Meet Sandhya R, a B.Sc tutor from Bangalore

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Meet Mohammad Wazid, a skilled trainer for...

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Quest Academy - Institute of the month

Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...

Read full article >

Find Class 10 Tuition near you
Class 10 Tuition in Delhi
Class 10 Tuition in Bangalore
Class 10 Tuition in Hyderabad
Class 10 Tuition in Kolkata
Class 10 Tuition in Mumbai
Class 10 Tuition in Chennai
Class 10 Tuition in Pune
Class 10 Tuition in Noida
Class 10 Tuition in Lucknow
Class 10 Tuition in Jaipur
Online Tuition Class 10

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Class 10 Tuition Classes?

The best tutors for Class 10 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 10 Tuition with the Best Tutors

The best Tutors for Class 10 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2024All Rights Reserved