What is demand draft charges in Icici Bank?

Savings Account

Available to	All Cities
Issue of DD drawn on ICICI Bank by cheque/transfer	Rs.50 per D.D. up to Rs.10,000;Rs.3 per thousand rupees or part thereof for DD of more than Rs.10,000, subject to a minimum of Rs.75 and maximum of Rs. 15,000
Statement	Free Quarterly Statement sent by post

What are the charges for Icici current account?

Regular Current Accounts

S.No.	ICICI Bank Current Account	Non-Maintenance Charges
1.	New Start-Up Current Account	Rs. 1,000 per month
2.	ShubhAarambh Current Account	Rs. 1,000 per month
3.	Smart Business Account	Rs. 1,000 per month
4.	Smart Business Account – Gold	Rs. 3,000 per month

How can I get demand draft in Icici Bank?

ICICI Bank DD Form Online

Log in to your Internet banking with the provided ID and p.
Go to the ‘Payment/Transfer page’ of the bank’s official website.
Here, select the ‘Issue Demand Draft.
Now, you just have to fill all the required details.

Can we deposit DD in any bank?

In case the Demand Draft is Crossed as Account Payee, it cannot be encashed over the counter from the Bank Branch and can only be cleared by depositing in the Bank Account of the Person in whose favor the DD has been made.

Can we take DD in any branch?

Bankers cheque can be cleared in any branch of the bank provided it comes under the local jurisdiction, but Demand Draft can be cleared at any branch of the same bank irrespective of the city. Banker’s Cheque or Payment Order is a cheque issued for making the payments within the same city.

Can demand draft be misused?

A2a. Yes, DD can be misused by person with similar name. In order to safe guard such misuse, banks also mention payable place. Even recipient bank name can also be added to protect DD.

What is the benefit of demand draft?

Advantages of the Demand Draft are as follows: Unlike in the case of cheque, the transfer of the required amount under the DD is guaranteed. DD bank is convenient as it does not have a maximum amount limit and does not require the payee’s banking information.

Why demand draft is used?

A demand draft is a way to initiate a bank transfer that does not require a signature, as is the case with a check. A demand draft is a prepaid instrument; therefore, you cannot stop payment on it in the case of fraud or mis-intended recipient.

Is DD safer than Cheque?

No, a demand draft cannot be dishonored because the full payment has already been made for it unlike a cheque which can be dishonored if the bank account from which the cheque has been issued has insufficient balance. What is the charge for issuing a demand draft?

Can we stop demand draft payment?

Cancellation of Demand Draft Once you have received the completed demand draft, the money is deducted from your account. If, due to any reason, you have to cancel the demand draft, it can only be done at the bank. You will be refunded the money in cash after a small deduction of 50 rupees or so.

What is DD refund?

In the rare event that an error is made in the payment of your Direct Debit*, either by the organisation or your bank or building society, you are entitled to a full and immediate refund from your bank or building society of the amount paid. Full details of the Direct Debit Guarantee.

Is demand draft same as cashiers check?

The cashiers check is money already withdrawn from the account and held in an account by the bank. It’s basically guaranteed funds. The bank draft is a type of check where the payment is guaranteed to be available by issuing bank. A demand draft is a negotiable instrument similar to a bill of exchange.

What is the difference between DD and Cheque?

Here are few other differences between cheque and DD:The cheque is issued by the customer, whereas Demand draft is issued by the bank. In cheque payment is made after presenting the cheque to the bank, while in DD is given after making payment to the bank. A cheque can be paid to bearer or order.

How can I withdraw money from demand draft?

How to Encash Demand Draft

The person who receives the demand draft has to present the draft to his/her bank branch.
The bank asks for specific documents to initiate the payment procedure.
Once the documents are verified, the amount is transferred to the bank account of the individual.