source: Icici Bank website and Banking websites.
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. demand draft charges in icici bank
A Demand Draft is typically valid for 3 months. If the validity has expired, the beneficiary can request a revalidation to extend the validity. source: Icici Bank website and Banking websites
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) This paper provides a detailed breakdown of ICICI