Wondering about Kotak bank DD charges? Kotak Mahindra Bank offers Demand Draft (DD) services to its customers, allowing them to make payments securely without using cash or cheques.
What are the Kotak Demand Draft Charges?
The charges for issuing a Demand Draft from Kotak Bank vary based on the amount of the draft and the mode of issuance (branch or online).
Branch Issuance: For Demand Drafts issued at a Kotak Bank branch, the charges are as follows:
DD at Branch Location / Pay Order: Rs. 2.5 per Rs. 1000 (Min Rs. 50 Max Rs. 10000)
DD at other than Branch Location: Rs. 2.5 per Rs. 1000 (Min Rs. 50 Max Rs. 10000)
However, the bank may also offer free online DD issuance for specific account types or high-net-worth customers.
Cancellation and Revalidation Charges:
Cancellation of a DD is typically charged at Rs. 100 per DD, plus applicable GST.
Revalidation charges are also Rs. 100 per DD, plus applicable GST.
These demand draft charges Kotak Bank are subject to periodic revisions by the bank, and it's advisable to check the latest schedule of charges on Kotak Bank's official website or visit the nearest branch for the most accurate information.
This is all about the demand draft charges Kotak.
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What is Kotak Bank DD Charges?
bilal
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2024-08-30T21:58:26+00:00 2024-09-05T10:46:26+00:00Comment
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