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Q.

What is Axis Bank DD Charges?

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8 months

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It is necessary to comprehend banking fees in order to handle finances effectively. One of the top banks in India, Axis Bank, has particular fees for a number of services, including demand drafts (DD). Understanding the Axis bank DD charges can help you budget appropriately if you intend to use a demand draft for transactions.

What are the Axis Bank Demand Draft Charges?

Axis Bank demand draft charges are as follows:

  • DD payable at correspondent bank locations under desk drawing arrangement is Re 1 per Rs 1000 and min of Rs 25 per DD.

  • The charges for DD purchased from other banks is actual + Rs 0.50 per Rs 1000 and min of Rs 100 per DD.

  • DD drawn on Axis Bank branches (cancellation, reissuance or revalidation) is Rs 100 per instance.

  • DD drawn on correspondent bank branches (cancellation, reissuance or revalidation) is Rs 100 per instance + other bank’s charges at actuals if any.

These are the Axis Bank demand draft charges.

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