Check – You should have account with bank to issue a check. A check might bounce if you do not have
sufficient balance (say you have 1000 INR in your account and you issue check of 2000 INR) then the
check will bounce. The check which bounces is called bounced check.
Draft – You will have to pay money to bank before getting a draft. For example if you need draft of
1000 INR then you need to pay 1000 INR to get the draft issues. You can also use your account with
Bank to pay the draft money. A draft can never bounce but a check can