Talk:Demand draft

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[edit] Indian Practice

In Indian Banking practice, a Demand draft refers to an instrument issued by a Bank at the request of a Customer. It is payable to a specific named person and payable at a specified location. For example, a Demand Draft issued by State Bank of India, Mumbai Branch at the request of Customer A, payable to B at State Bank of India, Chennai Branch. It can be issued payabale at a Branch of the same Bank or even at a Branch of a different Bank. A Demand Draft is impicitly guaranteed for payment by the issuing Bank. Murugan2008 (talk) 07:26, 21 May 2008 (UTC)