Demand Draft

Demand Draft (DD) is a transaction instrument issued by a bank that aids in transferring funds from one bank to another.It is similar to a bill exchange and is a secure way of transacting. One of the main differences between …

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Demand Draft

A demand draft or DD is a payment method that is used to facilitate transactions from one bank to another. This method guarantees the payment of a specified amount to a payee whose name is mentioned on the DD. Demand drafts cannot be issued by an individual nor can they be transferred directly to a person, meaning …

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Demand Draft

Charges for Demand Draft. Charges for issuing demand drafts vary from one bank to another because no amount has been fixed by the authorities. Given below are the details …

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Services Charges

Transaction charges : 15 demand drafts free per day: above that Rs. 50 per DD; Issue (Payable at Correspondent Bank Locations under Desk Drawing arrangement) Rs 1.00 per thousand; …

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Demand Draft

Charges for Demand Drafts. There are generally two types of charges involved for issuance of a demand draft. The drawer has to pay issuance fees to the bank which varies …

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