[nilesh]

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Can you tell me about charges for cancellation of DD (Demand Draft) in PNB (Punjab National Bank)?

[Vishal Kotkar]

The charges for cancellation of DD (Demand Draft) in PNB (Punjab National Bank) are as follows:

Demand Drafts: Revalidation, Cancellation, Issuance of Duplicate Instruments etc.

Demand Draft Cancellation Charges includes Plus Actual out of Pocket Expenses:
(i) Draft upto Rs.1000/- Rs. 20/- per draft
(ii) Draft above Rs. 1000/- Rs. 100/- per draft

Demand Draft Revalidation
Rs.100/-

Cancellation of instruments / issuance of other lost instrument(s)
Rs.100/-

Issuances of DD/Local DD

For General Public

1. Drafts upto Rs.10000/-

Non-Individuals
Rs.40/-

Individual customers of Semi-urban, Urban & Metro Branches
Rs.35/-

Individual Customers of Rural branches, Sr. Citizens & Pensioners (Charges for Sr. Citizens &Pensioners are irrespective of location of Branch)
Rs.30/-

2. Draft above Rs.10000/-

Non-Individuals
Rs.4.00 per Rs.1000/- or part thereof subject to a Minimum of Rs.50/- and Maximum Rs.12000/-

Individual customers of Semi-urban, Urban & Metro Branches
Rs.3.50 per Rs.1000/- or part thereof subject to a Minimum of Rs.40/- and Maximum Rs.12000/-

Individual Customers of Rural branches, Sr. Citizens & Pensioners (Charges for Sr. Citizens &Pensioners are irrespective of location of Branch)
Rs.3.00 per Rs.1000/- or part thereof subject to a Minimum of Rs.30/- and Maximum Rs.12000/-

3. For Students: Drafts in respect of his/her education/ examination fee only

Individual customers of Semi-urban, Urban & Metro Branches
Rs.20/- for draft upto Rs.5000/- Above Rs.5000/- normal charges will apply (Free for students availing Education loan from our Bank)

Individual Customers of Rural branches, Sr. Citizens & Pensioners (Charges for Sr. Citizens &Pensioners are irrespective of location of Branch)
Rs.20/- for draft upto Rs.5000/- Above Rs.5000/- normal charges will apply (Free for students availing Education loan from our Bank)