DD Charges In State Bank Of India

Hello sir, can any one provide me here DD charges in state bank of India? What are the DD charges in state bank of India?

[Shaleen]

Demand draft in the state ban of India context is essentially a written order, where a buyer pre-deposits certain amount of money in a bank and hands over the ‘written order’ to the seller, so that the seller can ‘demand’ the deposited money from the bank where it was deposited. With effective any DD over Rs.20000 must be A/C payee only.

Current Account:

Charges for opening C/A FREE
Charges for closing C/A FREE
Annual maintenance charges 50.00

DD CHARGES go, the countries largest bank SBI charges are as follows:

Up to Rs.5000: Rs.25
From 5000 till 10000: Rs.41
From 10000 till 1 lakh: Rs.3 per every 1000 (minimum charge of Rs.51)
Above 1 lakh: Rs.3 per every 1000 (minimum charge of Rs.306)

DD- Issue

Upto Rs.10000/- Rs. 30/-
For > Rs.10000/- charges Rs.0.25 percent (i.e. per Rs.100/-)
Minimum Rs. 50/- Max. Rs. 12500/- (cash handling charges Rs.10/-)

DD-Cancellation:
No charges for DD having face value upto Rs. 500/-, Thereafter, Rs. 100/- per instrument (flat rate)

DD-Duplicate:
No charges for DD having face value upto Rs. 500/-, Thereafter, Rs. 100/- per instrument (flat rate)

DD-Revalidation:
No charges for DD having face value upto Rs. 500/-, Thereafter, Rs. 100/- per instrument (flat rate)

Exchange Commission:

Amount ranging from To Commission Min Max
0.01 1250 Min 1.90 1.9 1.9
1250.01 2500 Min 3.75 3.75 3.75
2500.01 12500 3.75+0.10% on>2500 3.75 13.75
12500.01 25000 13.75+0.05% on>12500 13.75 20
25000.01 250000 20.00+0.025% on>25000 20 76.25
250000.01 625000 76.25+0.0125% on>250000 76.25 122.5
625000.01 122.5

Hi buddy here I have come to know what is DD Charges in State Bank Of India now days , if you know then will you plz let me know about the same , as my cousin asking me for the same ??

[sumit]

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. It is a government corporation statutory body headquartered in Mumbai, Maharashtra.

As you are asking for DD Charges in State Bank Of India so here I am giving bellow require info :

DD Charges in State Bank Of India
SBI DD Charges Up to Rs. 5,000 Rs. 25 + GST
From Rs. 5,000 to Rs, 10,000 Rs. 50 + GST
From Rs. 10,000 to Rs. 1 lakh Rs. 5 per part of Rs. 1,000 which is Min. Rs. 55 & Max. Rs. 15,000

Bank Profile:
Type
Public
Traded as
NSE: SBIN
BSE: 500112
LSE: SBID
BSE SENSEX Constituent
CNX Nifty Constituent
ISIN INE062A01020
Industry Banking, financial services
Predecessor
Imperial Bank of India (1921-1955)
Bank of Calcutta (1806-1921)
Bank of Bombay (1840-1921)
Bank of Madras (1843-1921)
State Bank of Travancore (1945-2017)
Founded
2 June 1806, Bank of Calcutta
15 April 1840, Bank of Bombay
1 July 1843, Bank of Madras
27 January 1921, Imperial Bank of India
1 July 1955, State Bank of India
Headquarters State Bank Bhawan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India
Number of locations
22,010
Area served
Worldwide
Key people
Rajnish Kumar
(Chairman)
Products Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance
Revenue ₹279,644 crore (US$40 billion) (2019)
Operating income
₹55,436 crore (US$8.0 billion) (2019)
Net income
₹862 crore (US$120 million) (2019)
Total assets ₹3,680,914 crore (US$530 billion) (2019)
Owner Government of India (61.23%)
Number of employees
257,252 (March 2019)