Demand Draft Charges In Icici Bank -

ICICI Bank actively encourages digital transfers over DDs:

source: Icici Bank website and Banking websites. demand draft charges in icici bank

While demand draft charges in ICICI Bank are relatively nominal, you can consider the following alternatives to minimize costs: ICICI Bank actively encourages digital transfers over DDs:

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. This paper provides a detailed breakdown of ICICI

ICICI Bank categorizes its DD charges based on: (a) customer relationship (account holder vs. non-account holder), (b) issuance mode (branch vs. online request), and (c) destination location (domestic vs. international).

₹100 per instance (typically requires an indemnity bond).