GST No.: 24AABAT4356N1Z6               

Demand Draft Facility

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

  • Up to Rs. 1,000    : Rs. 10 (+GST)
  • Rs. 1,001 to Rs. 15,000    : Rs. 15 (+GST)
  • Rs. 15,001 and above    : Rs. 1 per Rs. 1,000 (+GST)

Charges of Demand Draft
If Opening balance less than DD amount

  • Up to Rs. 5,000    : Rs. 15 (+GST)
  • Rs. 5,001 to Rs. 20,000    : Rs. 20 (+GST)
  • Rs. 20,001 and above    : Rs. 1 per Rs. 1,000 (+GST)

Charges of Nationalize Demand Draft ( State Bank of Travancore)
If Opening balance less than DD amount

  • Up to Rs. 10,000    : Rs. 20 (+GST)
  • Rs. 10,001 to Rs. 1,00,000    : Rs. 2per Rs. 1,000 (+GST)
  • Rs. 1,00,001 to Rs. 1,33,000    : Rs. 200 (+GST)
  • Rs. 1,33,001 and above    : Rs. 1 per Rs. 1,000 (+GST)

Benefits

  • Varachha bank draft is free of cost for any amount (at opening Balance)