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if anybody tell me difference between DD, PO & Cheques
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Answer Posted / vijay krishna
The DD & PO are the instruments for which the value is
already received by the Bank. Hence cannot be marked under
stop payment. DD is drawn on other city locations and
payorder are drawn on the same location.
A cheque is a bill of exchange and can be returned by the
Bank as the value is not received by the Bank in case of
any monetary or technical reasons.
All the instruments are negotiable instruments.
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