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Can I get a demand draft using a credit card?
You generally cannot obtain a demand draft directly using a credit card. Here are the key points to consider:
Payment Requirements
To obtain a demand draft, the amount must be deducted from your bank account or paid in cash. Demand drafts are prepaid instruments, meaning the funds must be available in your account or paid upfront before the draft can be issued12.
Credit Card Limitations
Using a credit card to buy a demand draft is not a standard practice. If you were to use a credit card, it would likely be treated as a cash advance, which incurs immediate interest charges and is not a recommended option due to the associated costs4.
Alternative Methods
You can obtain a demand draft by visiting a bank branch, filling out the necessary application, and providing the required documentation and payment from your bank account or in cash12.