Demand Draft (DD) Charges in SBI, ICICI, Axis Bank, HDFC, Bank of Baroda

Demand Draft Charges
Demand Draft Charges

The charges for making a demand draft are usually not fixed and it differs from bank to bank. The charges also differs on the value of Demand Draft. In fact there are no standard charges for making a DD. Banks normally charge a variable fee of Rs. 1.5 to Rs. 4 per thousand along with GST.

The banks also charges the customers for cancellation of Demand Draft. The Demand Draft cancellation charges also vary from bank to bank. Know the complete Demand Draft Charges of Different Banks such as State Bank of India, Axis Bank, ICICI Bank, Bank of Baroda.

Demand Draft Charges of SBI Bank

The Charges for Demand Draft of State Bank of India are as follows:

AmountCharges
Amount up to Rs. 5,000 Rs 25 with GST
For an amount above Rs. 5,000 and up to Rs. 10,000Rs. 50 inclusive of the GST.
For an amount above Rs. 10,000 and up to Rs. 1,00,000Rs.5 inclusive of the Service Tax per Rs. 1,000.
Minimum DD charges Rs. 60 inclusive of GST.
Amount above Rs. 1,00,000Rs. 4 inclusive of the Service Tax per Rs. 1,000.
Minimum DD charges Rs. 600 inclusive of GST.
Maximum DD charges Rs. 2,000 inclusive of GST.
Cancellation ChargesRs.200+GST

Demand Draft Charges ICICI Bank

The Demand Draft Charges of ICICI Bank are as follows:

Mode of PaymentAmountCharges
Cheque For an amount up to Rs. 10,000Rs. 50 inclusive of the GST.
Cheque For an amount above Rs. 10,000Rs. 3 inclusive of the GST per Rs. 1000 or part thereof.
Minimum DD charges Rs. 75 inclusive of GST.
Maximum DD charges, Rs. 15,000 inclusive of GST.
Cash Rs. 10, 000 and More Rs. 4 per thousand rupees subject to a minimum of Rs. 100 & Max. Of Rs. 15,000

Demand Draft (DD) Charges Axis Bank

The Demand Draft Charges of Axis Bank are as follows:

AmountCharges
Issuing a DD
(Only Payable at Various Axis Bank Branches)
15 DDs free on a daily basis. Above that, INR 50/demand draft.
Issuing a DD
(Payable at Other Bank Branches)
INR 1.00 on every thousand; a minimum of INR 25/ demand draft.
Cancellation charges
(Axis Bank Branches)
INR 75/demand draft.
Cancellation charges
(Concerning Other Bank)
Bank charges from other bank plus INR 125/demand draft.

Demand Draft (DD) Charges HDFC Bank

The Demand Draft Charges of HDFC Bank are as follows:

AmountCharges
Normal ModeUp to Rs. 50,000 Rs. 75 is charged
Phone banking Value up to Rs. 50,000 Rs. 50 is charged
Transactions above Rs. 50,000 to up to Rs. 1 lakh. Something about Rs. 2.50 per thousand or Minimum Rs. 100
For transactions above Rs. 1 Lakh The bank charges Rs. 2 per thousand
Minimum of Rs. 250 and
Maximum of Rs 5,000
Net BankingFor DD value of up to Rs. 1 Lakh. The bank charges Rs. 30
For third party DD charges  For up to Rs. 50,000 The bank charges Rs. 100. 
Cancellation of Demand Drafts The bank charges up to Rs. 100.

Note: Taking a request for DD through phone banking comes with a clause that it can be availed by preferred customers only.

Demand Draft Charges Bank of Baroda

AmountCharges
Up to Rs. 5,000 Rs. 25
Rs. 5,000 to Rs. 10,000 Rs. 50
Rs. 10,000 to Rs. 1 lakh Rs. 5 per thousand or part thereof. (Minimum Rs. 60)
Above Rs. 1 lakh Rs. 4 per thousand or part thereof.
(Minimum Rs. 600 and maximum Rs. 2,000)

FAQ

Can I apply for a DD online?

Yes you can, only If you have registered for net banking with your bank, you can easily apply for a DD online. You just need to login to your bank’s website and choose the option “Issue a Demand Draft”. This can easily be found under the “Payments and Transfers” menu.

What to do If the Demand Draft (DD) expires before it is encashed?

The banks charge Rs. 200 + GST for this service. You need to submit a form and furnish the original DD for revalidation.

What to do if the Demand Draft (DD) is lost or stolen

You can get a duplicate DD issued at a charge of Rs. 200 + GST. You will need to submit a copy of the DD, your ID, and a form to avail this service.

What is the maximum limit of demand draft?

The Demand Draft can be made by paying the Bank in Cash,
For Demand Drafts exceeding Rs. 50,000 the payment should be in the form of cheque only.
Providing your PAN No. is also necessary if the value of the DD is more than Rs. 50,000.
Draft is usually prepared in the Indian Currency

Demand Draft Sample

Demand Draft Charges
Demand Draft Sample

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Tony Stark

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