Bank of India · statement narration
DD CHARGES
Also printed as: DD COMM · DEMAND DRAFT CHG · DD ISSUE CHG · BC CHARGES
Decoded
A commission charged when a demand draft or banker's cheque is issued. It usually scales with the draft value.
Hinglish meinDemand draft ya banker's cheque banwane par lagne wala commission. Draft ki value ke hisaab se badhta hai.
- Up to Rs500
Up to Rs500, ₹20 + 18% GST
From Bank of India — Revised Schedule of Service Charges (Lockers & Remittances)
Verified
- ₹20 + 18% GST
- Above Rs500 up to Rs10,000
Above Rs500 up to Rs10,000, ₹100 + 18% GST
From Bank of India — Revised Schedule of Service Charges (Lockers & Remittances)
Verified
- ₹100 + 18% GST
DD CHARGES on your Bank of India statement — A commission charged when a demand draft or banker's cheque is issued. It usually scales with the draft value. The bank publishes a rate table, not one figure; the rates are below.
Demand Draft charge: what other banks publish
Bank’s own figures, before GST. Where a bank publishes several rates, the bar runs from its lowest to its highest — its table below says which applies to whom. Tap a figure for its source.
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What it costs, including GST1 rule · rate table, conditions and waiver
Retail Banking Service Charges · Branch
Demand Draft / Bankers Cheque issuance charges by amount band. GST extra.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Up to Rs500 | ₹20 | ₹23.60 |
| Above Rs500 up to Rs10,000 | ₹100 | ₹118 |
| Above Rs10,000 up to Rs50,000 (Min Rs90) | ₹90 | ₹106.20 |
| Above Rs50,000 (per thousand slab) | ₹150 | ₹177 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Applies to Demand Draft issuance at Bank of India branches.
Why it happened and how to avoid it
Why it happened
A demand draft or banker's cheque was issued from your account.
How to avoid it
Use NEFT or RTGS where the recipient will accept a transfer. Rates are often lower for senior citizens and at rural branches.
Dispute this chargeRBI dispute template, ready to copy
Official source1 document
- Bank of India — Revised Schedule of Service Charges (Lockers & Remittances)
Retrieved 2026-08-25
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