Features of Bank Draft

Discuss the features of bank draft.

Features of Bank draft are:

By sending money through bank draft, there is no risk of any cash being stolen.

There is no fear of bank draft rejection. So, one can be assured of receiving money.

If the debt is paid by bank draft, the receipt issued by the bank proves the fact of the debt payment.

In case of bank draft, it can be purchased only by depositing cash. It does not require opening any deposit account in the bank.

Bank draft cannot be withdrawn without court order.

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