Icici Bank Demand - Draft

ICICI Bank, one of the leading private sector banks in India, offers demand drafts as a convenient and secure way to make payments. An ICICI Bank demand draft is a written order that directs the bank to pay a specific amount of money to the beneficiary.

You can request a demand draft through or Internet Banking without visiting a branch. The DD amount is instantly debited from your account, and the physical draft is couriered to your registered address.

DDs are much harder to counterfeit than cheques and are typically crossed "Account Payee Only" for transactions over ₹20,000, ensuring the money is credited only to the intended recipient's bank account. icici bank demand draft

While electronic fund transfers like NEFT, RTGS, and UPI are faster and cheaper for most needs, a demand draft is still useful when:

A demand draft is a type of payment instrument that is similar to a cheque, but with a guarantee of payment. It is a prepaid instrument that is issued by a bank on behalf of its customer, and it is payable on demand. ICICI Bank, one of the leading private sector

The charges for issuing a demand draft vary based on the amount and the type of account you hold. Below are the indicative rates for standard branch transactions: Amount Range Standard Branch Charges ₹50 per DD ₹10,001 to ₹1,00,000 ₹5 per ₹1,000 (Min ₹75, Max ₹15,000) Above ₹1,00,000 ₹4 per ₹1,000 (Min ₹500, Max ₹15,000)

Since the amount is debited from the applicant's account or paid in cash upfront, the payee is assured of receiving the funds. The DD amount is instantly debited from your

| Particulars | Charges (Including GST) | | --- | --- | | DD up to ₹10,000 | ₹75 + GST (~₹88.50) | | DD above ₹10,000 up to ₹1 lakh | ₹150 + GST (~₹177) | | DD above ₹1 lakh up to ₹2 lakh | ₹300 + GST (~₹354) | | DD above ₹2 lakh | ₹5 per ₹10,000 (minimum ₹300) + GST | | Cancellation / Revalidation | ₹200 + GST (~₹236) | | Courier charges (for online request) | As applicable (₹50–₹100) |

To encash an ICICI Bank demand draft, the beneficiary can: