Bank of India · statement narration
DD CHARGES
A commission charged when a demand draft or banker's cheque is issued. It usually scales with the draft value.
In plain English
A commission charged when a demand draft or banker's cheque is issued. It usually scales with the draft value.
Also printed as DD COMM, DEMAND DRAFT CHG, DD ISSUE CHG, BC CHARGES.
Hinglish mein
Demand draft ya banker's cheque banwane par lagne wala commission. Draft ki value ke hisaab se badhta hai.
What it costs, including GST
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
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.