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| 1. |
What is demand draft ? Are demand deposits and demand draft same?? |
| Answer» A demand deposit\xa0is money that you\xa0deposit\xa0into a\xa0bank\xa0account from which you can withdraw on\xa0demand, at any time without any advance notice to the\xa0bank. ButA\xa0demand draft is a financial\xa0draft payable on\xa0demand . | |