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Demand Deposit
(redirected from demand draft)

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia 0.02 sec.
Demand Deposit
Funds in a bank account that may be withdrawn on demand of the customer. Most demand deposits are in checking accounts and savings accounts, because funds in these accounts are available to the customer at any time (unless they are under a check hold). Under the Expedited Funds Availability Act of 1987, banks in the United States must grant availability to demand deposits within a certain number of days.

demand deposit
A checking account balance held at a financial institution. Because demand deposits constitute one of the most important segments of the nation's money supply, the financial community closely monitors their size. Compare time deposit. See also M1.


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Phil and PhD, he said and added that the candidates can deposit fees through challan at Habib Bank Limited Jamshoro or send Demand Draft or Pay Order enchased at Habib bank Limited Jamshoro.
The Company's portfolio of services includes Mail Transfers, Demand Drafts, Telegraphic transfers, Electronic transfers, Western Union money transfers, Inter-Emirates money transfers, purchase and sale of foreign currency bank notes.
Byline: ANI New Delhi, Sept 16 (ANI): Union Minister of Sports and Youth Affairs M S Gill presented, a demand draft of Rs.
 
 
 
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