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if anybody tell me difference between DD, PO & Cheques
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Answer Posted / vijay krishna y
Hi,
DD (Demand Draft) and Payorder of the same nature and
cannot be bounced with the financial reasons (or made stop
payment) as the value of the instruments was received
already by the Bank. The difference between this two is
Payorder would be issued in the CITY only. DD can be issued
on the other city.
Cheque can be issued to within the City or other than that
city. Cheque can be returned with the financial reasons.
| Is This Answer Correct ? | 27 Yes | 4 No |
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