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From a customer who has lost the Demand Draft purchased by him, which document is obtained before issuing a duplicate DD?

AUndertaking

BIndemnity Bond

CContract to abstain from using the first Demand Draft

DRestrictive Agreement

Answer:

B. Indemnity Bond

Read Explanation:

An indemnity bond protects the bank against any future claims arising from misuse of the lost demand draft.


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