Wondering about demand draft charges in Bank of Baroda. Bank of Baroda (BoB) offers Demand Draft (DD) services, providing a secure method for making payments without using cash or cheques.
What are the Demand Draft Charges in BOB?
The charges for issuing a Demand Draft from Bank of Baroda depend on the amount and whether the DD is issued at a branch or online.
Branch Issuance: For Demand Drafts issued at a Bank of Baroda branch, the charges are structured as follows:
For DDs up to Rs. 5,000: The charge is Rs. 50 per DD.
For DDs between Rs. 5,001 and Rs. 10,000: The charge is Rs. 75 per DD.
For DDs between Rs. 10,001 and Rs. 1 lakh: The charge is Rs. 5 per Rs. 1,000, with a minimum of Rs. 100 and a maximum of Rs. 15,000.
For DDs above Rs. 1 lakh: The charge is Rs. 4 per Rs. 1,000, with a minimum of Rs. 500 and a maximum of Rs. 15,000.
Online Issuance: Bank of Baroda also offers the convenience of issuing DDs online via its net banking services. The charges for online issuance are generally lower compared to branch issuance.
For example: A flat fee or a lower rate per Rs. 1,000 may apply for online DD issuance. Some account holders, particularly those with premium accounts, may receive free or discounted online DD issuance.
Cancellation and Revalidation Charges:
DD cancellation charges are typically Rs. 100 per DD, plus applicable GST.
Revalidation charges are also Rs. 100 per DD, plus applicable GST.
These charges are periodically revised by Bank of Baroda, so it's essential to check the latest schedule of charges on the bank's official website or consult with a branch representative to ensure you have the most current information.
This is all about demand draft charges in Bank of Baroda.
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Demand Draft Charges in Bank of Baroda?
Manu
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16 days
2024-08-30T21:57:02+00:00 2024-08-30T21:57:03+00:00Comment
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