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demand draft

Line breaks: de¦mand draft
(also demand note)

Definition of demand draft in English:

noun

chiefly Indian
A financial draft payable on demand.
Example sentences
  • As a result, the bank's customers in all its ‘computerised’ branches wait for hours in a row every morning to encash their cheques, or get a demand draft or even to remit cash.
  • They need to also send in a non-refundable demand draft for Rs. 500 along with their application.
  • As an initial contribution, a demand draft for Rs.45,000 was handed over to the Collector last week.

Definition of demand draft in:

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