Interviewer And Interviewee Guide

Commercial Loan Officer Interview Question:

Please explain what is the difference between ‘Cheque' and ‘Demand draft'?

Submitted by: Muhammad
Both are used for the transfer of the amount between two accounts of same banks or different bank. ‘Cheque' is issued by an individual who holds the account in a bank, while ‘Demand draft' is issued by the bank on request, and will charge you for the service. Also, demand draft cannot be cancelled, while cheques can be cancelled once issued.
Submitted by: Muhammad

Read Online Commercial Loan Officer Job Interview Questions And Answers
Copyright 2007-2024 by Interview Questions Answers .ORG All Rights Reserved.
https://InterviewQuestionsAnswers.ORG.