Demand Draft Charges In Icici Bank Jun 2026

Demand Drafts (DDs) remain a crucial negotiable instrument for secure inter-bank and inter-city fund transfers in India, despite the rise of digital alternatives. ICICI Bank, one of India’s leading private sector banks, levies specific charges for issuing and canceling demand drafts. This paper provides a detailed breakdown of ICICI Bank’s demand draft fee structure as per the latest schedule of charges, compares it with public sector competitors, analyzes the impact on different customer segments (e.g., savings account holders, non-customers), and discusses the declining relevance of DDs in the digital payments era.

The following table outlines the standard charges for issuing a demand draft at an branch using a cheque or account transfer: Slab Amount Standard Charges Up to ₹10,000 ₹50 per DD Above ₹10,000 to ₹1 Lakh ₹5 per ₹1,000 (Min. ₹75; Max. ₹15,000) Above ₹1 Lakh ₹4 to ₹5 per ₹1,000 (Max. ₹15,000)

Date : Today Date By : vivek verma

If you need to modify or cancel an existing demand draft, the following administrative fees apply:

| Draft Amount | Charges (Subject to GST) | | :--- | :--- | | Up to ₹10,000 | | | Above ₹10,000 | ₹5 per ₹1,000 (or part thereof) | demand draft charges in icici bank

ICICI Bank’s demand draft charges are market-aligned for a private sector bank—moderately priced for account holders and punitive for non-account holders to encourage banking relationships. While DDs retain niche utility, their high operational cost (printing, manual signing, courier) makes them increasingly less attractive compared to instant, low-cost digital alternatives. Customers should evaluate the necessity of a DD against NEFT/RTGS/IMPS, and banks like ICICI continue to de-emphasize DDs by raising fees incrementally each year.

If a DD is lost in transit or stolen, the bank can issue a duplicate DD after following a verification process. Demand Drafts (DDs) remain a crucial negotiable instrument

₹100 per instance (for drafts above ₹200).

Table_title: ICICI Bank Demand Draft Charges Table_content: header: | Type of Demand Draft Issue | Charges | row: | Type of Demand... Paisabazaar Common-Service-Charges Ty LLV | PDF | Debit Card - Scribd Statement 50 per statement through Customer Care (IVR), ATM and Net. banking. Issue of pass book Nil. Issue of duplicate Rs 100 fo... Scribd 6 sites ICICI Bank DD Charges and Cancellation Fees 2025 - ClearTax Jan 1, 2025 — The following table outlines the standard charges for

For any transfer above ₹10,000 where instant electronic payment is accepted, NEFT/IMPS is cheaper and faster. A DD is only rational when: