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How much is the state bank of india dd charges?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

How much is the state bank of india dd charges?

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2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Demand Draft Fee Calculation
Every bank has its own rates for making a demand draft. For instance, the Demand Draft issuing charges for SBI is:

For DD value of Rs. 10,000 to Rs. 1,00,000 – Rs. 5 per Rs. 1,000 or a part thereof.

So, how will you calculate the demand draft charges by the State Bank of India? Let’s find out.

To calculate the demand draft charges per Rs. 1,000,

5/1000= 0.005
Now, you’ll have to use this figure to multiply with the amount.
For example, if the Demand draft is of the amount RS. 12,000, the Demand Draft charges will be 12,000 * 0.005 = Rs. 60
Similarly, if the Demand Draft is of the amount Rs. 22,500, the Demand Draft charges will be 22,500 * 0.005 = Rs. 112.5.
Please note that in case of a salary account, (online 8 ball pool)you might not have to bear any demand draft making charges up to a given amount. For instance, if you have a salary account in HDFC bank, you can make demand drafts up to a sum of 1 Lakh per day for free.

Demand Draft Charges

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Dear Rashmitha, The demand draft charges for state bank of India are Up to 10,000/- Rs. 30/- Above Rs10,000/- Rs.2.50 per Rs 1,000 Min.Rs. 50/- Max. Rs 12500/- Any other query feel free to contact us. Writer CA Chitranjan Agarwal

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