Incorporation of Name of the Purchaser on the Face of the Demand Draft

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Full Text of the Document

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....Banks/Payment Banks Dear Sir/Madam, Incorporation of Name of the Purchaser on the Face of the Demand Draft In order to address the concerns arising out of the anonymity provided by payments through demand drafts and its possible misuse for money laundering, it has been decided that the name of the purchaser be incorporated on the face of the demand draft, pay order, banker's cheques, etc., by t....