Learn how demand drafts work, their benefits, differences from checks, and when to use them for secure transactions. Understand the key aspects of these bank-issued payment tools.

What Is a Waiver of Demand? A waiver of demand is a legal agreement given by a party who has endorsed a check or a bank draft. It states that, should the original issuer of the check or draft ...

The EPFO now permits employers to make one-time payments of past EPF dues via Demand Drafts, addressing situations where the standard Electronic Challan-cum-Return (ECR) system is unfeasible ...