Bank of Maharashtra · 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
₹59
₹50.00 before tax
The bank's figure is before tax, so 18% GST is added on top.
Applies when: DD / Pay Order amount up to Rs 10,000. Current tariff lists separate up-to-5,000 and 5,001-to-10,000 rows, both at Rs 50.
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.