Hi Sanjay,
The first variable is the DD number which will of 6 digits, followed by 9 digit MICR code, then followed by the next 6 digits (may not exists in some banks) and lastly the 2 digit transaction code.
A demand draft, also known as a remotely created check, a tele-check, or check by phone, check by fax or echeck, is a check created by a merchant with a buyer's checking account number on it, but without the buyer's original signature.
For more details about, please refer to the link:
http://goo.gl/VhJpR
Answered by
Ravi shastri
at
11:18 AM on March 01, 2013
