1.

Can I Purchase A Demand Draft/payment Order/travellers Cheque Against Cash?

Answer»

Yes, Demand Draft/Payment Order/Travellers Cheques for below Rs.50,000/- can be purchased against CASH and such instruments for Rs. 50000/- and above can be issued only by way of DEBITING the customer's ACCOUNT or against cheques.

Yes, Demand Draft/Payment Order/Travellers Cheques for below Rs.50,000/- can be purchased against cash and such instruments for Rs. 50000/- and above can be issued only by way of debiting the customer's account or against cheques.



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