SBI Demand Draft Charges Calculator 2025 | SBI DD Charges
Calculate Your DD Charges
How This Calculator Helps You
This tool simplifies estimating the charges associated with SBI Demand Drafts (DD). Here’s how it works and why it’s useful:
How It Works:
Benefits:
SBI DD Charges Information (2025)
The charges below are indicative and include GST, based on official SBI documentation. Concessions may apply based on your account type. The calculator above uses these rules.
Issuance Charges
| Draft Amount | Charges (including GST) |
|---|---|
| Up to ₹5,000 | ₹25 |
| ₹5,001 to ₹10,000 | ₹50 |
| ₹10,001 to ₹1,00,000 | ₹5 per ₹1,000 (Minimum ₹60) |
| Above ₹1,00,000 | ₹4 per ₹1,000 (Minimum ₹600, Maximum ₹2,000) |
Cancellation Charges
| Draft Amount | Charges (including GST) |
|---|---|
| Up to ₹500 | Nil |
| ₹501 to ₹5,000 | ₹25 |
| ₹5,001 to ₹10,000 | ₹50 |
| Above ₹10,000 | ₹100 |
Concessions for Specific Account Types
| Account Type | Free Drafts/Concessions |
|---|---|
| Shubharambh-Startup Current Account | 10 DD/BC free per month (Assumed applicable for this calculation) |
| Gold Variant Current Account | 50 drafts free per month (Assumed applicable for this calculation) |
| Diamond Variant Current Account | Unlimited free drafts |
| Platinum Variant Current Account | Unlimited free drafts |
| Shaurya Family Pension Account | Unlimited free drafts (no restrictions) |
| All Salary Package Accounts | Charges waived for DD issuance from Branch and Alternate Channels |
Examples
- Issuing a Draft: If you want to issue a draft for ₹20,000 with a regular account, the charge is ₹100 (₹5 per ₹1000). If you have a gold account, this draft might be free (within the monthly limit).
- Cancelling a Draft: If you need to cancel a draft for ₹7,000, the cancellation charge is ₹50.
Understanding Demand Drafts (DDs)
A Demand Draft, often called a DD, is a way to transfer money from one bank account to another. Think of it as a pre-paid cheque issued by the bank itself, guaranteeing the payment. Unlike personal cheques, the funds for a DD are paid upfront to the bank when you request it. This makes DDs a secure payment method, often required for things like:
- Paying admission fees for schools or colleges.
- Making payments for government services.
- Sending money securely for large purchases.
When you get a DD from SBI, the bank ensures the money is available, giving the recipient peace of mind. If you need to see what one looks like, you can search online for demand draft images for reference.
Why Understanding SBI DD Charges Matters
When you use banking services like getting a Demand Draft, banks usually apply certain fees. Knowing the SBI DD charges beforehand helps you budget accurately. Whether you're issuing a small DD for a fee payment or a larger one for a property transaction, these charges add to your total cost.
Unexpected fees can be frustrating. By understanding the SBI demand draft charges, you avoid surprises. This knowledge helps you compare costs if you have accounts with multiple banks or decide if a DD is the most cost effective option for your specific needs. Use a demand draft charges calculator like the one on this page to get a clear estimate.
How to Use This Online SBI DD Charges Calculator
We designed this SBI DD charges calculator to be simple and quick. Follow these steps to find the estimated charges:
- Enter the Amount: Type in the exact amount (in Rupees) for your Demand Draft.
- Select Your Account Type: Choose the type of SBI account you hold from the dropdown list. Different accounts sometimes have concessions or free DD allowances.
- Choose the Action: Select whether you want to 'Issue' a new DD or 'Cancel' an existing one. The fees differ for these actions.
- Calculate: Press the "Calculate Charges" button.
The calculator will instantly show you the estimated SBI DD charges, including any applicable GST, based on the information you provided and SBI's current fee structure. It's a straightforward DD charges calculator designed for your convenience.
SBI Demand Draft Charges Explained (2025 Rates)
SBI structures its DD charges based primarily on the draft amount. Here’s a simple breakdown based on the current rates (inclusive of GST):
- Issuance:
- For smaller amounts (like up to ₹10,000), there are fixed charges.
- For amounts between ₹10,001 and ₹1,00,000, the charge is calculated per ₹1,000, with a minimum fee applied.
- For drafts above ₹1,00,000, the charge per ₹1,000 is slightly lower, but there's a higher minimum fee and also a maximum cap on the charges.
- Cancellation: Cancellation also has fees based on the DD amount, though charges are generally lower than issuance fees. Drafts up to ₹500 can usually be cancelled for free.
- Concessions: Certain SBI accounts (like Salary Package accounts, Platinum, Diamond, etc.) offer free DDs or waived charges. Our calculator considers these if you select the relevant account type.
(Suggestion for Graphics Placement: You could insert a simple bar chart here visually representing the Issuance Charges based on the amount slabs: Slab 1 (Up to 5k) = ₹25, Slab 2 (5k-10k) = ₹50, Slab 3 (10k-1L) = Variable (₹5/1000, min 60), Slab 4 (>1L) = Variable (₹4/1000, min 600, max 2k).)
Always refer to the detailed tables provided on this page or SBI's official communication for the exact figures, as these rates can change.
Frequently Asked Questions (FAQs) about SBI Demand Drafts
1. What information do I need to get an SBI Demand Draft?
You typically need the name of the recipient (payee), the amount, the city where it's payable, and the money to cover the draft amount plus the applicable SBI DD charges. You might also need to fill out a request form provided by the bank.
2. How long is an SBI Demand Draft valid?
Generally, a Demand Draft is valid for three months from the date of issue. After this period, it becomes stale, and you would need to get it revalidated by the issuing bank, which might involve additional charges.
3. Can I cancel an SBI Demand Draft? If yes, what are the charges?
Yes, you can cancel an SBI DD, provided it hasn't already been paid to the recipient. You need to return the original DD to the issuing branch. Cancellation charges apply based on the DD amount (check the Cancellation Charges table above). Use the demand draft charges calculator on this page by selecting 'Cancel' to estimate this fee.
4. Are the charges shown by the SBI DD charges calculator exact?
This calculator provides estimates based on the publicly available charge structure, including GST. While it aims for accuracy based on the rules provided, the final charge applied by the bank at the time of the transaction is definitive. Special offers or unannounced changes might affect the final cost.
5. Do I need an SBI account to get an SBI Demand Draft?
While having an SBI account makes the process easier (payment can be debited directly), non customers can also request a DD by paying the amount and charges in cash (up to a certain limit, typically below ₹50,000 as per regulations). However, account holders often benefit from concessions on SBI demand draft charges.
6. Are DD charges the same across all SBI branches?
Yes, the standard SBI DD charges are generally uniform across all branches in India for the same type of transaction and account.
7. Can I issue an SBI DD online?
Yes, SBI offers facilities through its internet banking portal (like YONO or OnlineSBI) for account holders to request Demand Drafts online, which can sometimes be more convenient and may have different charge structures compared to visiting a branch. Check your net banking portal for details.