what is the difference between bank draft and demand draft?
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No difference . The actual nomenclature is demand draft in banking language . Bank draft is a slang used for demand draft . ... And cheques of most banks are paid at any branch of that bank , so need to get demand drafts issued gas minimised .
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A: Draft beer is definitely better than bottled, but canned can be better than draft. It depends. ... Draft beers usually move faster, and if you're replacing kegs more often, that usually means fresher beer. So, in terms of quality and turnover, it's draft, then cans, then bottles.
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Overdraft is a service given to specific few clients of the bank, with this service the client of the bank can withdraw more amount than the available balance. Where the demand draft is a monetary arrangement of the bank by which anyone can securely transfer money to a specific person or entity.
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There is difference between loans taken from bank directly and SHG . Bank provide loan on low interest whereas SHG does not. Bank is formally better than SHG.
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A cashier's check is a draft guaranteed by a bank, drawn from the bank's own funds and signed by a cashier or teller. ... The most important difference versus a regular check is the financial institution that issues a cashier's check covers its face value instead of the purchaser.
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Need is where there is a shortfall of adequate accommodation. Demand is about where a person wants to stay depending on area and ability to pay. This is an important distinction when considering housing supply targets and land release for housing as it must consider need and demand.
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A share-draft account is a version of a checking account, except it is offered by a credit union instead of a bank. ... They do not exist to make a profit but rather to benefit the account holders. When you deposit money into a credit union share-draft account, you're technically buying shares in that credit union.
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Bank Drafts vs. A bank draft and a money order are both prepaid, with a specified amount printed on the instrument itself. ... However, a bank draft is a check drawn on a bank's funds after accepting the amount from the issuer's account, whereas cash is used when purchasing a money order.
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Understanding the difference between bank draft and cheque. ... The main difference being that a cheque is issued by the bank's customer and is not guaranteed, whereas drafts are issued by the bank and guaranteed by the bank.
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Demand deposits are liabilities to a bank because the bank must pay interest on | Course Hero. You can ask !
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Pay order and demand draft are basically used for the same purpose, but are different from each other. A pay order is a mode of payment that is to be cleared in the very specific branch of the bank that issued it. Demand draft is a mode of payment that gets cleared in any branch of the issuing branch.
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A draft beer is a beer that's "on tap," as opposed to bottled. ... And the main difference between these is draught/draft beer is filtered and pasteurised, but craft beer is served without filtering and pasteurising, with a little yeast in it and a heavy body.
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The LSF may be paid by way of a demand draft drawn in favour of “Reserve Bank of India” and payable at the Regional Office concerned. AMOUNT OF LSF PRESCRIBED BY RBI FOR DELAY REPORTING: The amount involved in reporting (in Rs.)
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An overdraft is a variable amount of borrowing agreed with your bank up to a set limit. A loan is a fixed amount of borrowing over a set term with regular repayments. ... Loans have fixed terms and repayment schedules. This can help you plan expenditure and cash flow but makes them less flexible than an overdraft.
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How long does a banker's draft take to clear? The money on banker's draft is accessible four days after it's been paid in. However, you won't be sure it's cleared (the money is really yours) until six working days after it's been paid it in. If you spend the money in the meantime, you might have to pay it back.
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In pay order, it is pre-printed that this instrument is non-negotiable whereas demand draft is a type of negotiable instrument. ... Pay order can be cleared in any branch of the bank in the same city whereas demand drafts at cleared at any branch of the same bank.
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As verbs the difference between demand and insist is that demand is to request forcefully while insist is to hold up a claim emphatically.