Cheque Vs Demand Draft

• A cheque is issued by an individual , where as demand draft is issued by a bank
• A Cheque is drawn by an account holder of a bank, where as a draft is drawn by one branch of a bank on another branch of the same bank
• In cheque drawer and drawee are different persons but in demand draft both are the same bank
• A cheque can be dishonored but demand draft never dishonored
• Payment of a cheque can be stopped by the drawer of the cheque where as the payment of a draft cannot be stopped
• A cheque can be made payable either to bearer or order but a demand draft is always payable to order of certain persons.