Which is good Cheque or DD?

Cheque some times bounced when we dont have cash in our account but DD will not.

Demand draft which is also known as dd. dd is a prepaid negotiable instrument that is the drawer has to pay the total amount in the bank when it is presented by the pay or the payees bank for the payment. it is always payable on demand draft is a financial instrument which has a feature similar to a bill of exchange.

demand draft cannot be dishonored or get bounced like a cheque. the facility of drawing a demand draft is available even to a non-account holder. the purpose of demand draft is to transfer money with a guarantee of payment to the pay.


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