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Old 11th November 2016, 12:55 PM
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Default Re: Central Bank of India Demand Draft Number

A DD or Demand Draft is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee)

DD (Demand Draft) is the way of transferring money. In this method, one can transfer money from one bank account to another bank.

Demand Draft is valid for 6 months after its generated. DD's are acceptable only if the amount is less than 50,000.

CBI DD Charges

Issue of DD

1. Upto Rs.10000
Rs.30/- per DD

2. Above Rs.10001 uptoRs. 100000
Rs.4/- per thousand or part thereof Min Rs 40/-

3. Above Rs. 100001
Rs3.50/- per thousand or part thereof Min. Rs.400/- and Max. Rs.12000/- + 25% for cash handling charges.

Cancellation of DD
Rs.100/- per DD

Revalidation of DD
Rs.100/- per DD

Issuance of Duplicate DD
Rs.100/- per DD
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