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what is the difference between pay order & D.D.?
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Answer Posted / ravindra
BEAUTIFUL QUESTION ACCORDING TO MY KNOWLEDGE A SLIGHT
DIFFERENCE IS THERE FOR DD& PAY ORDER
PAY ORDER MEANS NOTHING BUT THE CHEQUES WHICH WERE PRESENTED
OF LOCAL BANK CHEQUES PAY ORDER CHEQUE ARE THE CHEQUE WHICH
WERE PAID TO PARTICULAR PERSON OR CMPANY MENTIONED IN CHEQUE
DEMAND DRAFT GENERALY BE THE OUT STATION CHEQUES WHICH WILL
BE DRAWN IN FAVOUR OF ............
CONCLUSSION - PAY ORDER CHEQUES GENERALLY HONOURS WHEN THEY
MAINTAINS SUFFICIENT BALANCE
DEMAND DRAFT THERE IS NO CHANCES FOR DISHONOURING BECAUSE
AFTER PAYING THE AMOUNT IT SELF DEMAND DRAFT WILL BE ISSUED
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