Can you tell me about the charges for DD (Demand Draft) in Union Bank of India as I want to check it before making use of it?

[ReenaK]

DD (Demand Draft) is a payment mechanism which is payable on demand. One cannot pay a demand draft to a bearer. To be able to obtain the payment of DD, the beneficiary will have to either present the DD to the concerned branch or will have to get it collected from his or her bank by way of clearing mechanism.


Union Bank of India DD Charges


Particulars Unit Charges for Charges for
Non-individuals (Rs) Individuals (Rs)


Issuance Upto Rs.5000 Per remittance 50.00 20.00

Rs.5001-10000 Per remittance 75.00 50.00

Rs.10001 - Rs.1 lac Per 1000 4.50 4.50
Minimum 75.00 75.00

Above Rs.1 lac Per 1000 4.00 4.00
Minimum 450.00 450.00
Maximum 15000.00 15000.00


Cancellation Upto Rs.5000 Per DD 20.00 20.00

Rs.5001- Rs.1 lac Per DD 50.00 50.00

Above Rs.1 lac Per DD 102.00 102.00

For students Per DD N.A 15.00