Pay Countersignature Order with airSlate SignNow

Pay countersignature order

my name is sui Fernandez and he associated it of all start in leading personal finance and business new sport relate the country today wheeler talk a little bit more on the difference between pay orders at demand drops not a lot of people who keep asking us you know what's the difference between pay order and DeMar drop now there are quite a few things that we need to explain to our readers one is that when you say demand draft it is not a local city or payor so which means that the demand graph can be clear across city so typically if you want to make a payment from say Delhi to Mumbai you can issue a pay order of our demand graph pay order will be to honor the payment within a city so for example if I locate if in Bangalore and I need to pay an institution educational institution impact or and though they will not take a check probably because they are directed to check mcbounds so what they do is they take a banker's check also called a pay order from people who are applying to university or school and they get it clear so very clearly both the instruments of pay order and a demand draft is issued by banks they guaranteed a payment by banks this is what gives an assurance to the beneficiary that the amount will be clear and like a check the check bounced but pay order neither a payor nor demand draft footballs coming to the other difference between pay order and demand raft is the pay order is a negotiable instrument a demand raft is a negotiable instrument whereas you don't have that written on the Paora essentially so basically the difference between a pure and and demand raft is two things one is negotiable the other is non-negotiable the other is or pay order is used for clearing within the city a demand raft would be used or clearing outside of the city so that essentially is the different similarity is of course that both are issued by bankers so which means you will go ahead and pay the bank first they probably debit your account and they will issue a pay order or you can pay cash and the initial pay or all the similar thing is for demand rafts you divided a bit your account I am issue Adam our draft and or properly paying cash and get a demand of the most important thing is that the pay order or the bankers cheque as it is called and the demand ah will be honored by the bank so really there's no question of these instruments bouncing that's essential to pay or for more on you know very basic in finance so the field will request you to please log into our classroom section and check out our classroom section you get a lot of basic information