Demand draft definition

Demand draft means a writing not signed by a customer that is created by a 3rd party under the purported authority of the customer for the purpose of charging the customer's account with a bank. A demand draft must contain the customer's account number and may contain any or all of the following:

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Demand draft means a writing not signed by a customer that is created by a third party under the purported authority of the customer for the purpose of charging the customer's account with a bank.

Demand draft means a writing that is not signed by a customer, as defined in subdivision (5), subsection (a), section one hundred four, article four of this chapter, and that is created by a third party under the purported authority of the customer for the purpose of charging the customer's account with a bank. A demand draft does not include a check drawn by a fiduciary, as defined in section three hundred seven of this article. A demand draft may contain any or all of the following:

Examples of Demand draft in a sentence

• All payments of License Fees be made by Licensee through online payment gateway mode, Demand draft and Cheques in the Bank Account of Maha-Metro.

• The medium of payment against the invoice raised shall either be through Cheque / Demand draft.

• The disbursement of the Personal Power loan will be done by issuing the disbursement Pay order / Demand draft or otherwise without the Bank concerning itself with the receipt of such disbursement by the Beneficiary / Receipient and also with the realization of such payment order / Demand draft or the time taken in such realization.

• The tender not accompanied with Demand draft towards the prescribed amount enclosed with the Part I Technical bid will not be considered.

• The technical bid should be accompanied by Demand draft of Rs. 1,08,000/- (Rupees One Lakh Eight Thousand Only) (Refundable) against EMD.

• The Lessee shall from the Agreement Date and during the term of the Initial Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) of the Total Land Premium along with the applicable Goods & Service Tax (GST) per annum in advance before 1st day of April of every year during the Initial Lease Period, by way of a Demand draft or pay order in favour of the Lessor on a nationalized/scheduled bank having a branch at Raipur.

• The Lessee shall from the date of execution of this Agreement and during the term of first thirty years of Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) of the Total Land Premium along with GST and other applicable taxes per annum in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favour of the Lessor on a nationalized / scheduled bank having a branch at Raipur.

• In case of dishonor of any Demand draft due to any reason whatsoever, the same shall amount to non-payment and shall constitute a default under this Agreement.

• The technical bid should be accompanied by Demand draft of ▇▇▇▇▇▇▇ Money Deposit and Rate Contract Fee.

• Received a sum of Rs. 1,29,09,552 (Rupees One Crore Twenty Nine Lakhs Nine Thousand Five Hundred and Fifty Two Only) as refundable interest free security deposit paid vide cheque / Demand draft bearing no ____ Dated __________________ Drawn IDBI bank.

More Definitions of Demand draft

Demand draft. (▇▇▇▇ as NA if not applicable) DD Favoring DisbAmt (in Rs.)

Demand draft means a writing not signed by a customer that is created by a third party under the purported authority of the customer for the purpose of charging the customer’s account with a bank. A demand draft shall contain the customer’s account number and may contain any or all of the following:

Demand draft means a writing not signed by you or your agent created by a third party under your purported authority for the purpose of charging your account with LBS.

Demand draft or “DD” means any Demand Draft or Banker’s Cheque drawn on any nationalized or scheduled bank in favour of the Account Officer and payable at Tirunelveli. The instrument should have been crossed “Account payee only”.

Demand draft means a draft payable to a particular Payee outside the UK, drawn on our Correspondent Bank or Agent.