What is the charges for demand draft?

What is the charges for demand draft?

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Demand Draft Amount Demand Draft Charges
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)

How are demand draft charges calculated?

To calculate the demand draft charges per Rs. 1,000, For example, if the Demand draft is of the amount RS. 12,000, the Demand Draft charges will be 12,000 * 0.005 = Rs.

What is demand draft limit in SBI?

The Demand Draft can be made by paying the Bank in Cash as well, but for Demand Drafts exceeding Rs. 50,000 the payment should be by cheque only. Quoting your PAN No. is also necessary in case the value of the DD is more than Rs. 50,000.

What is the DD charges of 10 lakhs in SBI?

What are the SBI DD Charges associated?

Limit Charges
Up to Rs. 5,000 Rs. 25
From Rs. 5,000 to Rs, 10,000 Rs. 50
From Rs. 10,000 to Rs. 1 lakh Rs.5 per Rs.1000 or part thereof, with minimum of Rs.60
Above Rs.1 lakh Rs.4 per thousand or part thereof, with minimum of Rs.600 and Maximum of Rs.2,000

Can we take DD in any branch?

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. Banker’s Cheque or Payment Order is a cheque issued for making the payments within the same city.

How many days is DD valid?

3 months
How Long is a DD Valid? As per the Reserve Bank of India’s (RBI) guidelines, a demand draft is valid for 3 months from the date when the draft was issued by the bank. After the third month, you can re-validate the DD upon written request to the issuing bank.

Can a demand draft bounce?

A demand draft is a negotiable instrument where the amount is paid before the DD is issued by the bank, hence, the DD is secure and cannot bounce as a cheque could.