Glossary
/DD Full Form
What is the Full Form of DD?
The full form of DD is Demand Draft.
Even with UPI and NEFT everywhere, this old-school payment method is still used because it cannot bounce. When you ask your bank for a DD, they immediately freeze the funds from your account and print a physical draft for the recipient. Colleges, car dealerships, and land registries still ask for it because they get guaranteed funds without worrying about your account balance later. You have to pay a small commission fee to the bank for making the draft.
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