A demand draft, sometimes known as a bank draft, is a type of financial instrument that a bank issues on a client's behalf. A demand draft is created for the amount you specify when you give the bank the money you wish to pay. But do you know what the DD charges in Kotak Mahindra Bank are? It starts from Rs 1.50 to Rs 4 per thousand of the DD amount.
What are DD Charges in Kotak Bank?
Here are the demand draft charges in Kotak Bank.
For DDs payable at the same branch location, the bank charges Rs 1.50 to 4 per Rs 1,000 of the DD amount.
The cancellation charges are Rs 100 to Rs 300.
These charges can vary based on the transaction amount and the location where the DD is payable. They are subject to applicable taxes, including GST.
Always verify the DD details, including the payee's name and amount, before leaving the branch to ensure accuracy. I hope you understand what is Kotak Bank DD charges.
Get Loan Up to 10 Lakhs Instantly to Your Account with NB InstaCash
Read more
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Wondering about Kotak bank DD charges? Kotak Mahindra Bank offers Demand Draft (DD) services to its customers, allowing them to make payments securely without using cash or cheques.
What are the Kotak Demand Draft Charges?
The charges for issuing a Demand Draft from Kotak Bank vary based on the amount of the draft and the mode of issuance (branch or online).
Branch Issuance: For Demand Drafts issued at a Kotak Bank branch, the charges are as follows:
DD at Branch Location / Pay Order: Rs. 2.5 per Rs. 1000 (Min Rs. 50 Max Rs. 10000)
DD at other than Branch Location: Rs. 2.5 per Rs. 1000 (Min Rs. 50 Max Rs. 10000)
However, the bank may also offer free online DD issuance for specific account types or high-net-worth customers.
Cancellation and Revalidation Charges:
Cancellation of a DD is typically charged at Rs. 100 per DD, plus applicable GST.
Revalidation charges are also Rs. 100 per DD, plus applicable GST.
These demand draft charges Kotak Bank are subject to periodic revisions by the bank, and it's advisable to check the latest schedule of charges on Kotak Bank's official website or visit the nearest branch for the most accurate information.
This is all about the demand draft charges Kotak.
Get Upto Rs. 10 Lakhs in Your Bank Account Instantly Via NB CashRead more
What is the Kotak Home Loan Processing Fee?
What is Kotak Bank DD Charges?
bilal
1097 Views
2
8 months
2024-08-30T21:58:26+00:00 2024-09-05T10:46:26+00:00Comment
Share