Difference between cheque and dd

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Cheque is a negotiable instrument where the payment is made directly from the payer's account, while a demand draft is a prepaid instrument where the payment is guaranteed by the issuing bank.

Cheque is drawn by the account holder on his own account, while a demand draft is issued by the bank on behalf of the payer.
Cheque can bounce if there are insufficient funds in the account, while a demand draft is prepaid and guaranteed by the bank.
Cheque can be stopped or cancelled by the account holder, while a demand draft cannot be cancelled once issued.
Cheque can be used for making payments to individuals or businesses, while demand drafts are commonly used for making large payments or for transactions where security is important.

Difference between cheque and dd

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