On the other hand, demand draft is a financial instrument that is payable on demand. Banks are integral part of our life as millions of transactions take place every next minute, in which the bank is involved in some way or the other, such as depositing cash and valuables, withdrawing cash at any time, Hello, There is no confusion. And you have not brought out in ur query what is the confusion you had. I'll try to explain. A Demand Draft is purchased by me say at Chennai Indian Bank for Rs.10,000/- in your name payable at say Indian Bank, New De online banking: A system allowing individuals to perform banking activities at home, via the internet. Some online banks are traditional banks which also offer online banking, while others are online only and have no physical presence. Online banking through traditional banks enable customers to perform all routine transactions, such as