CaptAnil
|
A cheque is a Promise , DD is certain.
In Cheque money is release later and thus it can be dishonored
Where as in Demand Draft Money is paid upfront ! |
|
babu
|
DD IS 100% GAURANTEE
cheque is no gaurantee |
|
p j
|
dd is pre paid instrument and cheque is post paid instrument |
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kvenkateshbaba
|
dd is demand draft and can be withdrawn if it is on ur name
cheque is an instrument which can be used/issued only when cash balance is there in the account. |
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mohsin
|
Demand Draft= when draft is presented the funds are paid
Cheque is cashed when funds are available |
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akash j
|
dd itself is money and cheque is a promise topay money .dd cannot bounce ,cheque can bounce |
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tmuthiah
 |
DD is a demand draft issued by a bank in favour of someone
and made to order. Cheque can also be issued by the bank, which is known as Manager's cheque. Both these documents are valid ( to be presented for payment within 6 months of issue) and guaranteed for payment for the amount
noted therein.
A cheque is issued by a person who has a bank account and holds cheque leaves of the bank.. It may be honoured or may not be.honoured. If no sufficient funds are there, the cheque
will be returned to the depositor, unpaid.
' tests ' - one of the answerers says that a DD cannot be stopped from being paid. It can be stopped, if the applicant
for a DD requests the banker to stop payment of the DD
(in case of need). |
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The Prince of Egypt
|
draft is issued by bank
cheque is issued by a person/company/firm maintaining account with some bank |
|
abbumiya
 |
A CHEQUE CAN BOUNCE AND HIT YOU BACK IN CASE U DONT HAVE SUFFICIENT MONEY IN YOUR ACCOUNT. BUT A D.D CANNOT, BECAUSE YOUR MONEY ARE ALREADY "DEAD" AND "DWINDLED" WITH THE VERY D.D |
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raghunath
|
Payment made by DD is certain. DD is obtained only after paying money. So if someone issues it to you, you can encash it.
While, when some one gives you a cheque of certain amount you may or may not get the amount on the cheque depending on the bank balance of the issuer of the cheque. The money will be debited from issuer's account when you encash a cheque |
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Prasanta K
|
DD is demand draft issued by bank after taking the required amount of money plus commission, but a cheque is issued by individual having bank acount and enjoying cheque facilities against their account. |
|
tests
 |
If you issue a cheque, it can be encashed by anybody if its not crossed or mentioned as a/c payee. for DD the person puts it for collection and the money is credited in his account. If you want you can stop the payment by issuing stop payment request to the bank and you cannot give stop payment for a DD. You get DD after the amount is received from you. So even if the person is not using the DD you will loose money.But amount is debited only after your cheque's encashment only. |
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