Question: Which Bank Has Less DD Charges?

What is the charge for DD?

What are the SBI DD Charges associated?LimitChargesUp to Rs.


25From Rs.

5,000 to Rs, 10,000Rs.

50From Rs.

10,000 to Rs.

1 lakhRs.5 per Rs.1000 or part thereof, with a minimum of Rs.60Above Rs.1 lakhRs.4 per thousand or part thereof, with a minimum of Rs.600 and Maximum of Rs.2,000Sep 28, 2020.

Can we take DD online in HDFC?

Process for Issuing Demand Draft Online through HDFC Net Banking. After logging in with the details, the balance amount should be checked before proceeding any further. Click on “Make Demand Draft” option to proceed further.

Is there any validity for demand draft?

As per RBI guidelines from April 1 2012 negotiable instruments like Demand draft, Cheques, banker’s cheque, pay orders etc. will be valid for only 3 months. … RBI has directed the banks to not make any payment if the instruments are presented beyond the period of three months from the date of issuance.

How are DD charges calculated?

12,000, the Demand Draft charges will be 12,000 * 0.005 = Rs. 60. Similarly, if the Demand Draft is of the amount Rs. 22,500, the Demand Draft charges will be 22,500 * 0.005 = Rs.

How long does DD take to clear?

While a cheque takes a specified time of a day or two to get cleared, the same cannot be said for the demand draft. There are no codified rules as to how long the banks have to take in clearing the DD, which is why the time taken by each bank varies. Ideally, it takes two business days for a demand draft to be cleared.

Can I make DD from any bank?

Bankers cheque can be cleared in any branch of the bank provided it comes under the local jurisdiction, but Demand Draft can be cleared at any branch of the same bank irrespective of the city.

Can I take DD from any branch?

A demand draft can be issued at any branch by cash. If your signature is scanned for the account, you can get the draft through cheque also even at non-home branch.

Can we take DD online?

The demand draft can also be prepared online. The details need to be accurately filled online and the physical demand draft can either be collected from the nearest branch of the issuing bank or can also be mailed to the registered address.

How can I get my money back from demand draft?

Cancellation of Demand Draft You will have to go to your branch and make a request for the cancellation of your demand draft. There are two key scenarios for cancellation: If you got the DD by paying cash, then you must present the original DD along with the cash receipt.

What is the validity of SBI DD?

3 monthsBankers Cheques and Drafts are valid for 3 months and can be revalidated by issuing branches on written request of the purchasers. The drafts can be revalidated by the payee(s) if they are identified as the holder in due course.

How do you pay college fees in DD?

Fill the form up. The form usually asks for details like- cheque number, in whose favor the DD is to be made (dean of your college in this case),your bank account number, the place (branch of bank) where your DD can be used(the place of your college) and your signature etc.

Which bank is best for demand draft?

Ans: No, the amount charged for making a demand draft varies from bank to bank….Check IFSC Code for Top Banks:State Bank of India IFSC CodeHDFC Bank IFSC CodeIndian Bank IFSC CodeAxis bank IFSC CodeCanara bank IFSC CodeICICI Bank IFSC Code

What is the minimum amount for DD?

DD charges, however, are not constant, and may vary as per the value of the draft and from bank to bank. The leading banks of the nation usually levy DD charges varying from Rs 25 to Rs 50 on each demand draft, up to Rs 10,000.

What happens if a DD is lost?

If a DD is lost, you will first have to intimate your concerned branch in which you are having your bank A/c or the branch from where you have requested for the issue of the DD. The bank will cancel the DD payment for which they will charge you a fee which is called DD Cancellation charges.

Can we make DD through credit card?

Earlier, it was possible to buy application forms of various educational institutes online by using a credit card, debit card or Net banking. But the fees had to be paid by cash, cheque or demand draft. Now, this payment can also be made using a credit card.