BASIS FOR COMPARISONBANKER'S CHEQUEDEMAND DRAFTMeaningBanker's Cheque or Payment Order is a cheque issued for making the payments within the same city.Demand draft is a negotiable instrument used to transfer money from one person at one city to another person in another city.Validation PeriodBanker's cheque is valid up to 3 months from the date of issue.Demand draft is also valid up to 3 moths from the date of issue.Special featureAll banker's cheque are pre-printed with "NOT NEGOTIABLE".Demand draft of Rs. 20000 or more should be issued with "A/c payee" crossing.ClearanceIt can be cleared in any branch of the same city.It can be cleared at any branch of the same bank.
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Read more: http://keydifferences.com/difference-between-bankers-cheque-and-demand-draft.html#ixzz4FiLOX4YX
courtesy :http://keydifferences.com/
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