Demand Draft is way for remitters to transfer money
A demand draft is more secure than a normal cheque as it can only be credited to a specific payee's account, and a customer can only be reimbursed under indemnity if the draft is lost or stolen.
Transactions Charge
The structure of charges that can be levied on the customer for Demand Draft is given below:
Charges of Pay Order
If Opening balance less than Pay Order amount
Charges of Demand Draft
If Opening balance less than DD amount
Charges of Nationalize Demand Draft ( State Bank of Travancore)
If Opening balance less than DD amount
Benefits