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Andhra Bank DD Charges

Home Banking in India Andhra Bank DD Charges

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Updated: 30-08-2022 12:58:00 PM
Note: Andhra Bank has been merged with Union Bank. To know more about facilities being provided at present, click here.

Andhra Bank DD Charges

A Demand Draft (DD) is a prepaid instrument that is issued by the bank. It guarantees a certain amount of payment to the payee (a person or an entity) and cannot be transferred to another person. A demand draft is different from a cheque. A demand draft is generally considered to be more reliable and credible than a cheque. A DD is a valid and guaranteed assurance of payment within a time limit. The following are the features of a demand draft:

  • A demand draft is valid for a period of three months.
  • A demand draft is payable to a person or organization upon demand.
  • A demand draft can be en-cashed only by the individual or entity on whose name the draft has been drawn.
  • A demand draft cannot be paid to a bearer. This is another factor that increases the security associated with payment, as compared to a cheque.

What are the charges associated with a demand draft?

Each bank is free to levy an individual charges on issuing demand drafts. Therefore, you will come across different DD charges across different banks for the same purpose. The fee charged for issuing demand draft also varies within the bank. As per the account type, banks may charge or not charge fee on issuing a demand draft. The following table will demonstrate Andhra Bank DD charges:

Upto & inclusive of Rs.5000/- 20 20 15
>Rs. 5000/- to Rs. 10,000/- 25 25 20
>Rs. 10,000/- to Rs. 1 lakh Rs.2.50 ps. Per 1000/- or part thereof. Minimum Rs.30/- Rs.2.25 ps. Per Rs.1000/- or part thereof. Minimum Rs.30/- Rs.1.75 ps. Per Rs.1000/- or part thereof. Minimum Rs.25/-
>Rs. 1 lakh to Rs. 10 lakh Rs.2.25 ps. Per Rs.1000/- or part thereof. Minimum Rs.250/- Rs.2.00 ps. Per Rs.1000/- or part there- of Minimum Rs.225/- Rs.1.50 ps. Per Rs.1000/- or part thereof. Minimum Rs.175/-
Above Rs.10 lacs Rs.2.00 ps. Per Rs.1000/- or part thereof. Minimum Rs.2250/- Maximum Rs.20000/- Rs.1.50 ps. Per Rs.1000/- or part thereof. Minimum Rs.2000/- and Maximum Rs.18000/- Rs.1.25 ps. Per Rs.1000/- or part there-of Minimum Rs.1500/- Maximum Rs.15000/-

Andhra Bank DD Charges for cancellation of demand draft are as follows:

Up to & inclusive of Rs. 10,000/- Rs. 25/-
Above Rs. 10,000/- Rs. 100/-

Andhra Bank DD Charges for the purpose of duplicate issuance are as follows:

Up to & inclusive of Rs. 10,000/- Rs. 25/-
Above Rs. 10,000/- Rs. 100/-

Andhra Bank DD charges for revalidation of demand draft are as follows:

Up to & inclusive of Rs. 10,000/- Rs. 25/-
Above Rs. 10,000/- Rs. 100/-
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