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DD/Bankers Cheque facilities

Banker’s Cheque or say pay order is an instrument, generally non-negotiable, issued by the bank on behalf of the customer, containing an order to pay a specified sum to the specified person, in the same city. On the other hand, demand draft is a financial instrument, used by people for the purpose of transferring money from one place to another.

Whether it is a banker’s cheque or a demand draft, the validation period of the two instruments is 3 months, i.e. after the expiry of three months, the instrument is of no use. To a layman, there is no significant difference between these two, but actually, these two modes of payment differ in a number of ways, which we have discussed in this article in detail.

Comparison Chart

Basis for Comparison Banker's Cheque Demand Draft
Meaning Banker's Cheque or Payment Order is a cheque issued for making the payments within the same city. Demand draft is a negotiable instrument used to transfer money from one person at one city to another person in another city.
Special feature All banker's cheque are pre-printed with "NOT NEGOTIABLE". Demand draft of Rs. 20000 or more should be issued with "A/c payee" crossing.
Clearance It can be cleared in any branch of the same city. It can be cleared at any branch of the same bank.


  • Both are used for the payment for settling transactions.
  • Both are paid in advance by the customer.
  • Both of these instruments cannot be dishonored because of the pre-payment clause.
  • Both are used for the transfer of money.
  • Both have a validation period of 3 months.



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