You have surely heard about Demand Draft, right? Well, it is one of the most common services that banks all over India have to provide to the customers who have their bank accounts in certain banks.
It is not really essential to have a bank account in a particular bank to ask for the Demand Draft. But what is the demand draft in the first place? Well, the demand draft is basically an amount that the payee will have to give to the bank and that is when the bank becomes the payee on behalf of the individual and gives him/her the demand draft. This demand draft is supposed to be made in advance.
There are so many different banks out there that provide the same service to the people. However, there is no doubt that the Union Bank of India is one of the common banks that provide the service of Demand Draft to users.
Demand Draft Charges In Union Bank of India
When it comes to the Union Bank of India, there are different ways to calculate the Demand Draft fees or the charges. The demand draft charges are basically the amounts that an individual will have to pay to the bank so that they can ask for the demand draft.
It is important to note that these charges can vary according to the amount that is paid to the bank. It isn’t really necessary that the bank account holder should have an account in the Union Bank of India so that they can get the demand draft.
All they have to do is pay in cash and they are all done.
Union Bank DD issuance Charges
|Amount Range||Issuance Charges|
|Upto Rs. 5000||Rs. 53.10|
|Rs. 5001 to Rs. 10000||Rs. 76.70|
|Rs. 10001 to Rs. 1 Lac||Rs. 4.72 Per thousand|
|Above Rs. 1 Lac||Rs. 5.31 Per thousand|
Issue of Duplicate DD, Cancellation, or revalidation of DD Charges
|Upto Rs. 5000||Rs. 177|
|Rs. 5001 to Rs. 1 Lac||Rs. 177|
|Above Rs. 1 Lac||Rs. 177|
|For Students||Rs. 177|
Updated: 15 May 2023
In order to know more about the details of the Demand Draft charges in Union Bank of India, it is essential to visit the official website of the bank. So, these are the details that you need to know about the Union Bank of India demand draft charges.