Bank Of India DD Charges

When we are talking about the different banks that are situated in the country, there is no doubt that the Bank of India is one of the most common names that come to mind. The Bank of India has managed to provide many services to the customers and client such as banking, finance, personal, and business loans as well.

However, we are going to talk about one common service right here. We are talking about Demand Draft or popularly known as DD. Well, Demand Draft can be defined as the recoverable instrument that an individual will have to pay to the bank in order to get their draft.

After that is done, the bank will then play the role of the payee and will provide the demand draft to the person who has made the request for it.

The individuals who have their bank accounts in the Bank of India will be able to easily make their payment through the account that they have. However, when the person requesting the Demand Draft doesn’t have an account in Bank of India, then he/she has to make the payment through cash.

Bank Of India Demand Draft Charges

One of the most important things to remember while asking the demand draft in Bank of India is the DD charges that they have. Well, every single bank that provides the services of demand draft will ask for a certain amount that the payee has to provide to the bank.

This is known as the demand draft charge and one has to make sure that they pay it so that they can get their demand draft without any hassle for sure.

Bank of India DD issuance Charges

Amount RangeIssuance Charges
Upto Rs. 5000Rs. 25
Above Rs. 5000 to Rs. 10000Rs. 50
Above Rs. 10000 to 1 lakhRs. 5 per thousand
Above Rs. 100000Rs. 4 per thousand

Bank of India DD Revalidation/Cancellation Charges

Amount RangeRevalidation/Cancellation Charges
Upto Rs.500Rs. 20
Above Rs.500Rs. 100

Issuance of Duplicate Demand Draft

Amount RangeIssuance Charges
Upto Rs.500Rs. 50
Above Rs.500Rs. 100

In the case of Bank of India, the demand draft charges can be calculated easily by visiting the website of the bank and getting all the details. So, what are you waiting for here? Go ahead and check your DD charges right now.

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