Demand Drafts Payable to Bearer

PPB Ancillary Services Free JAIIB Capsule 30 views Updated
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PPB · Ancillary Services
Why can a Demand Draft (DD) never be made payable to a bearer? Which specific Act and Section prohibits this practice in banking?
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Why can a Demand Draft (DD) never be made payable to a bearer? Which specific Act and Section prohibits this practice in banking?

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