Demand Draft

Demand Draft

Demand Draft is way for remitters to transfer money


A demand draft is more secure than a normal cheque as it can only be credited to a specific payee's account, and a customer can only be reimbursed under indemnity if the draft is lost or stolen.

Transactions Charge
The structure of charges that can be levied on the customer for Demand Draft is given below:

 

1

 

Issue of Demand Draft / Pay Order / Bankers / Cheque

 

 

A)

Our Branches PAY Order

By transfer Or by Cash

Up to Rs. 20,000/-

Rs. 25/-

Above Rs. 20,000/-

( Rs. 25/- + 0.60 Rs. Per thousand)

 

B)

DD-HDFC Bank/Other

 

Up to Rs. 20,000/-

Rs. 25/-

Above Rs. 20,000/-

( Rs. 25/- + 1.00 Rs. Per thousand)

       
       
       

2

 

DD / Pay Order Cancellation Charges :

 

 

i

Drawn on our Branches

Rs.  90/- per instrument

ii

HDFC Bank and other Bank

Rs. 180/- per instrument

       
         

 

Benefits

  • Varachha bank draft is free of cost for any amount (at opening Balance)