April 26, 2023

HDFC Bank DD (Demand Draft) Charges for Savings, Salary, & Current Accounts

Demand Draft is a transactional method. These are relatively similar to cheques, except bank issues them in response to a specific request and are payable to any particular person. DDs are merely payment orders that one bank sends to another to pay a certain party.
Demand drafts from HDFC Bank are typically payable at a specific location or branch of a bank. Learn about HDFC DD charges and more in the sections below.

HDFC Bank Demand Draft Charges

To generate a demand draft, HDFC Bank charges a fee. If an applicant wishes to revoke a demand draft, he or she must pay a fee. Charges applicable by HDFC Bank for Demand Drafts are in the table below.
Types of DDApplicable Charges
Up to ₹10,000₹45
Above ₹10,000₹5 per ₹1,000 or part thereof (minimum ₹50 and maximum ₹10,000
Demand Draft Re-validation /Cancellation₹45
Third party DD of amount up to ₹1,00,000₹50 + correspondent bank charges if applicable
DD Request through Netbanking up to ₹10,00,000₹50 + correspondent bank charges in case applicable
*Note: Charges updated as of 14th November 2022.

Features of HDFC Bank Demand Draft

Following are some key characteristics of an HDFC Bank demand draft:
  • Banks process all demand draft requests the following working day. Within 3 to 5 working days, DDs are delivered to the mailing ID or beneficiary's address as provided.
  • If demand drafts have their beneficiaries in Ghaziabad, Faridabad, Gurgaon, or Sonepat, HDFC Bank recommends entering New Delhi in the state and city fields in the "Payable at" section.
  • Only Indian locations are covered by DDs. Any DD that has an overseas address or to a recipient address where service is not available results in cancellation of the draft and banks sends the credit back to the applicant's account. Bank does not charge your account in any way.
  • A draft is revoked and funds are credited to an applicant's account if DDs are found undeliverable from the beneficiary's address. Banks deduct the applicant's account only for DD fees and any corresponding bank fees.
  • Any DD addressed to an Indian mailing address that is returned as undeliverable is sent to the branch.

Procedure to Get HDFC Bank Demand Draft Issued Online

You can follow this given procedure to issue an HDFC demand draft online:
  • Your bank account must be set up for internet banking.
  • Before continuing, check the balance amount after logging in with your details.
  • Now go to ‘Pay’ then click on ‘Payment Solutions” and then tap on ‘Cash, Cheque, Demand Draft’.
  • In the Demand Draft section, select ‘Get New Demand Draft’.
  • HDFC DD form appears in a new window. Details such as the amount, who it is in favour of, the location of the draw, and your digital signature have to be included on the form.
  • You need to submit the form after you have entered all of these details correctly.
  • Your account will be debited in an amount equal to your demand draft and applicable fees.
  • After conducting required checks, you will have options of whether to pick up the draft from bank branch or have it delivered to your home.

Procedure to Get HDFC Bank Demand Draft Issued Offline

You will need an HDFC DD and cheque or cash equivalent to DD to issue the DD offline. Follow the procedure given below:
  • Visit the nearby HDFC Bank branch and collect a DD form. You can also download it from the bank’s website.
  • Fill out the form with the details such as mode of payment, beneficiary’s name, DD amount, cheque number, bank account number, the location of DD encashment, and account holder’s signature.
  • Submit the form after you have carefully filled up all the details.

HDFC Bank DD Validity

An HDFC demand draft is effective for three months after the bank issues them. The demand draft will no longer be valid if it is not delivered within three months, but money will not be immediately reimbursed. For that, you need to follow a separate procedure.
  • The issuer of the draft should go to the concerned bank branch where the draft was issued and apply for the draft's revalidation.
  • The account holder must request revalidation of the draft; neither the payee (the person specified in the draft) nor any other person can do so.
  • The bank branch will revalidate the draft after checking it against their original records, and its validity will be extended for a further three months from the time of revalidation.
  • Once the bank has revalidated a draft, it cannot be done so again. This means that you have to provide the bank with the draft during the revalidated time.

Final Word

Paying through DD is quite a simple process today. You can access this service via internet banking from the comfort of your home. Alternatively, you may also visit the bank and follow the offline process. To make a DD, you will have to pay HDFC bank DD charges based on the amount of the transaction. Check out the above-mentioned sections to find the necessary DD charges for HDFC Bank.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

Karur Vysya Bank (KVB) Netbanking - Login, Registrations, & Online Banking

Karur Vysya Bank ( KVB) is one of the oldest private sector banks in India. Established in 1916 and headquartered in Karur, Tamil Nadu, KVB has strong footprints in southern India with a branch network of 781 and an ATM network of 2251 ( as on June, 2021). With a total asset base of ₹116098, the bank provides a comprehensive portfolio of services, both offline and online to both retail ( Resident Indians, NRIs Hindu Undivided Families (HUFs) and corporate customers including Partnership firms.

Reserve Bank of India - RBI Holidays -2022

Remember ! your good old school calendar in which our favourite page was the list of holidays chalked out at the beginning of each academic year. Just knowing this piece of information meant so much to us. Similarly, within the banking sector, the Reserve Bank of India ( RBI) is the apex body which publishes a detailed list of bank holidays, national and state-wise at the beginning of each calendar year. The RBI, India’s Central bank, also called as the banker’s bank key responsibility is to regulate and supervise the monetary and other banking policies of the financial sector which comprises financial institutions, commercial banks, non-banking financial companies. As an extension to its core responsibilities, the RBI publishes a list of holidays at the beginning of each calendar year. As per the holiday list, whether it is national specific or regional specific, banks would not be operational on those dates. Say for example: Republic Day, Independence Day, and Gandhi Jayanti are the only three National holidays; all other holidays are state-specific. For example: Banks remained closed on September 7-8, 2022 in Kerala for the Onam and Thiruvonam respectively. There will be a bank holiday on September 26, 2022 in Jaipur and Imphal for Navratri Sthapna. This comprehensive list of holidays is in addition to weekend Sunday holidays as well as alternate second and fourth Saturdays holidays during which all Banks across India remain closed. Consequently, the Banks across India would remain open on the 1st, 3rd and 5th Saturdays of every month (as per the notification of the RBI dated 28th August, 2015). The main purpose of declaring this comprehensive holiday list ( details given in Annexure) in advance at the beginning of each calendar year is to make you aware of the impending holidays so that you can plan your banking transactions accordingly with minimal stress. Consequently, it is mandatory for every bank across the Central / State Governments / Union Territories to follow the guidelines issued by RBI. Just to delve a bit deeper, this comprehensive list of holidays published by RBI is categorised as: - State-wise celebrations - Religious holiday - Festival celebrations and the basis of these holidays is governed by: - Holiday under Negotiable Instruments Act Real Time Gross Settlement Holiday - Banks’ Closing of Account The RBI holiday list is applicable to traditional banking transactions. As an netbanking and mobile banking customer, you can access your account 247365. You can also transact through NEFT payment service which is also available for 24×7365 (including bank holidays). However, in case of RTGS ( Real Time Gross Settlement) payment process, the 2nd and 4th Saturdays and all Sundays in a month are RTGS Holidays for every bank in India as per RBI guidelines. Besides, there is a list of additional RTGS holidays 20222 (apart from the already given holidays on 2nd & 4th Saturdays and every Sunday).

Punjab National Bank - (PNB) SMS Banking

- You are on the edge of a step, 'be watchful buddy' says a passerby - You are reversing your car, you hear a beep, an alert, as the sensors mounted on the rear bumper sense objects in its path. All of us have experienced these 'nudges' in our everyday lives, haven't we? - Let us say you have used your debit card for say e-commerce or at a PoS or for netbanking transactions. Wouldn't it be useful, if your bank sends you an SMS alert immediately after your debit card transaction? - Your monthly credit card payment is due, wouldn't it be useful, if your bank sends an SMS alert on the dues outstanding and the credit card balance available? - You are tempted to make an impulse purchase, you just want to view your account statement.

What is Bankers Cheque?

- As a creditor, are you worried whether your customer's cheque may bounce? …..and that you will have sleepless nights? - What if you have to make some payment to the vendor and you don't have the beneficiary's relevant banking details? For example, you only have the vendor's company name and address and the amount to be remitted. When it comes to money matters, we all seek safety and validity of payment more than anything else, isn't it? In all these situations, the banker's cheque or banker's draft or pay order is your 'go to' option.