DD is the short form for Demand Draft and it is an amount that is paid to the bank in advance by the payer. After the completion of that process, the bank will become the payer, on the behalf of the individual who made a request for the DD or the payee.
In case the Payer already has an account with a bank where he wants the DD, the payee can make the payment with the help of his account. For those who don’t have the account, paying in cash is away.
The Central Bank of India is one of the best banks in the country that we have and it provides certain services to the customers who have their accounts in the bank. Financing, personal and business loans are some of the most common services.
However, we are going to talk about the CBI demand draft services right here. Make sure that you read this part carefully.
Central Bank Of India Demand Draft Charges
If the customer is visiting the Central Bank of India in order to get the Demand Draft, then he/she will have to pay a particular amount to the bank and that amount is known as the Demand Draft charge.
|Issue of DD|| |
1. Upto Rs.10000 – Rs .50 per DD
2. Above Rs. 10000 up to Rs. 100000 – Rs. 4.00 per thousand
3. Above Rs. 100001 – Rs. 4.00 per thousand + 25% for cash charges.
|Cancellation of DD||50% of normal applicable charges or Minimum Rs. 100|
|Revalidation of DD||50% of normal applicable charges or Minimum Rs. 100|
|Issuance of Duplicate DD||Upto Rs. 10000 – Rs.100 per DD|
Rs.10001 to Rs.1 Lakh – Rs.150 per DD
Above Rs. 1 Lakh – Rs.200 per DD
Central Bank of India has a different method of checking and calculating the demand draft charges and the people can check the website of the bank to know all about it in the best way. They will get to know all the details about the amount of money that they have to pay to the bank so that they can get their demand draft easily and without any problems.
So, that is all you need to know about the Central Bank of India Demand Draft Charges. Make sure that you visit the official website of Central Bank of India to know more and more details about it.