In banking and international remittances, TT and DD are methods of transferring money.
According to the provided reference, these terms refer to:
- TT: Telegraphic Transfer.
- DD: Draft Transfer.
The reference also mentions a third method, Mail Transfer (MT), and indicates that TT and DD are the most common methods.
In summary, TT (Telegraphic Transfer) and DD (Draft Transfer) are both instruments of remittance, with telegraphic transfer and draft transfer being the most frequently used.
