Can a demand draft payable at rohini branch of a bank, if presented in ludhiana be paid or not?

Discussion in 'IIBF JAIIB CAIIB' started by Manish Sharma, Sep 10, 2017.

  1. Manish Sharma

    Manish Sharma New Member

    Can a demand draft payable at rohini branch of a bank, if presented in ludhiana be paid or not?
     
  2. Manish Sharma

    Manish Sharma New Member

    If payable at par at all branches are written on instrument
     
  3. Rahul K

    Rahul K New Member

    Why is the significance of writing rohini delhi then?
     
  4. It is because earlier it was payable at the one mentioned on it only, but now payable at par. But still we have to mention specific location like we used to mentiom earlier.
     
  5. Aditya Tiwari

    Aditya Tiwari New Member

    Only bankers cheques are payable on pan India basis whereas DD is only payable at branch on which it is drawn
     
  6. Sandeep Chauhan

    Sandeep Chauhan New Member

    It will b payable where it's mentioned... Not at par
     
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