A demand draft is a type of payment option that is often used in India. It is a document that is issued by a bank that allows the bank to withdraw funds from the account of the person who has requested the draft. The term demand draft is commonly known as a bank draft or a cashier's check. These terms are used interchangeably in India and are recognized as synonyms for demand draft. Furthermore, the term remittance is also used as a synonym for demand draft as it refers to the transfer of money from one place to another. Regardless of what you call it, a demand draft is a safe and secure payment method for financial transactions.