Draft charges in Bank of Baroda

Hello sir I want to make the demand draft from Bank of Baroda but I don’t know the charges taken by this bank for DD so please provide me suitable information about the same.

[Pathak]

A DD is a pre-paid negotiable instrument, wherein the drawee bank undertakes to make payment in full when the instrument is
presented by the payee for payment.

The difference between demand drafts (DD) and pay orders (PO) is not much.

The DD is made payable at a specified branch of a bank at a specified centre.

In order to obtain payment, the beneficiary has to either present the instrument directly to the branch concerned or have it collected by his bank through the clearing mechanism.

DD Charges of BOB

Bank of Baroda Issuance of DD/MT/BC services charges are as given below:

Issuance of DD/MT/BC

1. Individual:
Up-to Rs.10,000/- - Rs.50/- flat

2. Above Rs10000/- @ Rs.4.00 per

Rs..1,000/- or part thereof subject to Min. Rs.50/- & Max.

Rs..15,000/- + Cash Handling charges.

Non-Individual:
UptoRs.1,000/- -Rs.40/- flat

Above Rs.1,000/-to Rs.10,000/-
- Rs.50/- flat

Above Rs10,000/-
@ Rs.4.00 per Rs.1,000/- or part thereof subject to Min. Rs.50/- & Max. Rs.15,000/- + Cash handling charge

Cancellation of DD/ Bankers' cheque and/or issue of fresh DD/ Bankers' cheque in lieu of lost one.

DUPLICATE DD

Individual:
Rs..100/- per instrument

(In case of lost instrument, Rs..200/-)

Non Individual-
Rs.100/- per instrument