# What is crossed demand draft?

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If you cross a bank draft only an account holder can en cash the same. It is generally safer than the normal bank draft.
Assume you take a draft for 100 dollars in favour of Mr. ABCD. If you don't cross it, Mr. ABCD can en cash it without having a bank account. However if you cross it the money will go only to a bank account. So, at any point of time you can prove that you had indeed paid to Mr. ABCD. Another added benefit is in case the draft is lost, any body with the same name can claim the cash.

Thus you get two benefits : Added security as well as a proof.
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# What is demand draft?

Demand Draft is used by individuals to make transfer payments from one bank account to another. Demand Drafts are marketed as a relatively secure way of cashing checks. The di

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# What is the difference between demand draft and crossed demand draft?

Explanation 1: A Demand Draft is a banking instrument . In any case, if it isnot crossed, it is bearer, meaning thereby that the bearer, anyonewho is presenting it to the

# Where is the draft no written on a demand draft?

The draft number on a demand draft is found at the bottom of thecheck. The first six digits is the draft number, and they will befound under the dotted line at the bottom of t

demand draft

# How do you get demand draft number from state bank demand draft?

Check the bottom of the DD it may be present or check on the left hand side of the DD they would have mentioned it.

# What is the Demand Draft No?

It is a unique number that is used to identify the demand draft. it is usually printed on the bottom or left hand side of the DD

# Where is demand draft number located on demand draft?

It's a 6 digit number located at the bottom left of the leaf within "123456". - www.financialkundali.com

# Show a demand draft with a demand draft number?

which one is the dd number on a demand draft

# Demand Draft Rejected?

A Demand Draft could be rejected if: . Your signature does not match the signature with bank records . The person who gave you the DD canceled it before you cashed it

# Who is drawee bank in demand draft?

A demand draft is a type of check that contains the buyers accountnumber but not their signature. The drawee bank in a demand draftis the branch of a particular bank.

# Can we Cross the demand draft your self?

No. A Demand Draft is a certified instrument that can only be signed/edited by authorized officials from the bank. The only thing that a customer can do is to sign on the reve

# What is the difference between cross demand draft and account payee demand draft?

A Demand Draft is a banking instrument . In any case, if it is not crossed, it is bearer, meaning thereby that the bearer, anyone who is presenting it to the bank can get it e
In Banking

# What is the meaning of demand draft and normal draft?

is any future of demand draft

# How can you find the bank demand draft number in demand draft?

Usually the draft number can be found in the bottom of a demand draft. Check out for a white strip of paper on the bottom part of the draft and you can see different codes pri

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# What is the procedure for encashment of a crossed demand draft if the drawee has no bank account?

The only way the drawee can get the money is by opening a bank account and then depositing the crossed demand draft into it. The purpose of crossed drafts is to ensure that th