what is the difference between pay order & D.D.?
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Answer Posted / imtiaz ahmad
Pay order is issued in nname of payee or on demand. It can
is for within city transaction. It can not be used locally.
Demand draft is issued by issuing branch in the name of
benefciary. It is presented on drawee branch on which it is
drwan. It can be used intracity (within city) and
intercity (out of city) mean in a country.
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