A Demand Draft (DD) is an important banking instrument used for secure and guaranteed payments. It is widely asked in banking exams like IBPS, SBI, RBI, and NABARD, especially in conceptual and application-based questions.
Understanding demand drafts helps not only in exams but also in real-life banking transactions where safety and reliability are important. In this article, you will find complete support resources, including FREE notes in PDF and a FREE live quiz, to help you revise and practice effectively.
Demand Draft, Study Notes, FREE PDF
To help you with quick and effective revision, we have compiled concise and exam-oriented notes covering all important concepts of Demand Draft. These notes are structured as per the latest syllabus and exam trends.
What you’ll get in the notes:
- Meaning and concept of Demand Draft
- Features and advantages of DD
- Difference between Cheque and Demand Draft
- Parties involved (Drawer, Drawee, Payee)
- Demand Draft vs Pay Order
- Cancellation and revalidation of DD
- Role of Reserve Bank of India guidelines
- Important exam-oriented facts and tricks
Demand Draft, LIVE Quiz
Practicing questions is the best way to test your understanding and improve accuracy. Our FREE Live Quiz is designed to simulate real exam conditions.
Q1. A Demand Draft is issued by:
Q2. Demand Draft is payable:
Q3. Demand Draft is considered:
Q4. Who pays the amount in DD?
Q5. DD is safer than cheque because:
Q6. Demand Draft can be dishonoured due to:
Q7. Parties in DD include:
Q8. Demand Draft is drawn on:
Q9. DD is mainly used for:
Q10. Demand Draft is payable to:
Quiz Summary
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Q16. Which is more secure?
Q17. DD is used for:
Q18. Pay Order is similar to:
Q19. DD is non-negotiable because:
Q20. Demand Draft ensures:
Quiz Summary
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Hi, I’m Tripti, a senior content writer at Oliveboard, where I manage blog content along with community engagement across platforms like Telegram and WhatsApp. With 3+ years of experience in content and SEO optimization related to banking exams, I have led content for popular exams like SSC, banking, railway, and state exams.