if anybody tell me difference between DD, PO & Cheques
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Answer Posted / b.c.tewari
Demand Draft (DD)- Can issue for anywhere in India.The main
benefit of dd ,it could not be bounced.& loss,once we
issued the dd one can not stop it that means 100% gauranty
of payment.
Pay Order (PO)- Can issue for a limited states like
NCR.same benefits/losses as above.
Cheques- can issue to anyone.
| Is This Answer Correct ? | 12 Yes | 9 No |
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