Legal Question in Banking Law in India
Demand draft was dishonoured with reason Drawer signature incomplete/missing
Asked on 2/22/17, 10:12 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
23.02.2017
Dear Madam / Sir,
A Demand Draft (DD) is like a Banker's Cheque issued by the Bank with the Bank's Authorized Signatories authorization no, and signature(s) of the Bank officials. The Drawer's signature does not appear anywhere in the DD.
Regards,
Answered on 2/23/17, 12:31 am
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