There is no doubt about the fact that Canara Bank is one of the premier names that come to mind when we are talking about famous banks in India. Established in the year 1906, this bank has been providing a lot of services to customers and has been making a lot of names in the world of banking.
From loans to online banking services, there are so many different things to choose from. The bank always tends to focus on the needs and requirements of the customers.
Here we are going to talk about one such important service that the bank has been providing the customers. The demand draft is one of the most common options that people tend to choose these days. But what exactly is a demand draft?
A demand draft can be defined as an instrument that is negotiable and issued by the individual who is making the payment. One of the most important things here is that the person has to pay the amount to the bank in order to issue the demand draft. The bank will then ask any other brand or some other bank to make the payment on behalf of the individual and after that, the demand draft will be issued as proof.
Demand Draft Charges In Canara Bank
In order to get the demand draft from Canara Bank, it is important that the person has to pay a certain amount of additional charges when the amount exceeds the limit. This charge that is taken from the drawer is known as the demand draft charge.
Latest Canara bank DD Charges
| Amount Range | DD Charges For Non-individual | DD Charges For Individual
(Non-Rural) |
DD Charges for Individual
(Rural) |
|---|---|---|---|
| Up to Rs. 1000 | Rs. 40 | Rs. 30 | Rs. 25 |
| Rs. 1000 to Rs. 10000 | Rs. 50 | Rs. 40 | Rs. 35 |
| Above Rs. 10000 | Rs. 4.00 per Rs. 1000 | Rs. 3.50 per Rs. 1000 | Rs. 3.50 per Rs. 1000 |
Cancelation, Revalidation & Issuance of duplicate dd charges in Canara Bank
| Type of service | Charges |
|---|---|
| Cancelation | up to 10 lakhs- Rs. 100 per instrument Above 10 lakhs: Rs. 1000 per instrument |
| Revalidation | up to 10 lakhs- Rs. 100 per instrument Above 10 lakhs: Rs. 1000 per instrument |
| Issuance of duplicate DDs. | up to 5 lakhs- Rs. 100 per instrument Above 5 lakhs: Rs. 1000 per instrument |
Updated: 2 March 2024
In most banks, the demand draft charge is taken in advance. The amount of the demand draft charge can vary according to the amount that is issued in the demand draft. In the case of Canara Bank, the person can get more details about the demand draft charges by visiting the official website of the bank.
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