A Demand Draft (DD) is a negotiable instrument issued by a bank, directing another bank (or its own branch) to pay a specific sum of money to a named payee. Unlike a cheque, which is issued by an individual and carries the risk of "bouncing" due to insufficient funds, a Demand Draft is prepaid. Because the bank collects the money from the sender upfront before issuing the document, the payment is guaranteed, making it a highly trusted method for official and legal transactions.
RULES & SCHEDULE OF THE CHARGES FOR DRAFT SERVICES:
Ahemadbad, Bhuj, Dhoraji, Jasdan, Jetpur, Morbi, Padahari, Surat, Surendranagar, Upleta, Wankaner, Junagadh, Gandhidham, Jamnagar AT THE FOLLOWING LOCATION WE ISSUE DRAFT Agra, Ahmednagar, Ajmer, Akola, Allahabad, Ambala, Amritsar, Anand, Aurangabad, Banglore, Bardoli, Bharuch, Bhatinda, Bhavnagar, Bhiwadi, Bhopal, Bhubaneshwar, Bhuj, Calcutta, Calicut, Cuttack, Chandigarh, Chennai, Cochin / Ernakulam, Coimbatore, Dahanu, Daman, Dehradun, Delhi, Durgapur W.B., Erode, Faridabad, Gandhidham, Gandhinagar, Ghaziabad,? Guntur, Gurgaon, Gwalior, Hissar, Hoshiarpur, Hyderabad, Indore, Jabalpur, jaipur, Jalandhar, Jalgaon, Jammu, Jamnagar, Jamshedpur, Jodhpur, Junagadh, Kalka, Kanpur, Kapurthala, Karad, karnal, Khanna, Kolhapur, Kollam / Quilon, Kota, Kottayam, Lucknow, Ludhiana, Madurai, Manglore, Mapusa (Goa), Margao, Mehsana, Moga, Mohali, Mumbai, Mysore, Nabha, Nagpur, Nasik, Navsari, Noida, Palakkad, Panchkula, Panipat, Panjim (Goa), Patiala, Patna, Phagwara, Ponda (Goa), Pune, Raipur, Rajanundry, Rajpura, Ranchi, Rohtak, Ropar, Salem, Sangli, Secunderabad, Siliguri, Silvassa, Sonepat, Tirupati, Tiruvalla, Trichur, Trichy, Trivandrum, Udaipur, Unjha, Vadodara, Valsad, Vapi, Varanasi, Vasco (Goa), Veraval, Vijaywada, Vizag, Yanumanagar.
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DRAFTS ISSUED WITH |
CHARGES |
|---|---|
| Current A/c With Clear Balance | FREE |
| Saving A/c With Clear Balance | FREE |
| C.C. A/c Up to Its Sanction Limit | FREE |
| Up to Rs. 20,000/- | Rs. 12/- |
| Above Rs. 20,000/- | Rs.12/- + Rs.0.60 per Rs. 1000/- |
| DRAFTS ISSUED WITH | CHARGES |
|---|---|
| Through CASH Up to Rs.20,000/- | Rs. 17/- |
| Through CASH Above Rs. 20,000/- | Rs. 17/- + Rs. 0.85 Per Rs.1000/- |
| Institutional Customer / Trust A/Cs | Power with GM/ Director Board |
FOR ANY OTHER LOCATION WE ARRANGE THE DRAFT FROM OTHER BANKS:
| DRAFTS ISSUED WITH | CHARGES |
|---|---|
| UP TO Rs. 10,000/- | Rs. 24/- |
| Above Rs. 10,000/- | Rs.24/- + Rs.2.25 per Rs.1000/- |