In the realm of banking, demand drafts have emerged as a secure and efficient means of transferring funds. ICICI Bank, one of India's leading private sector banks, offers its customers the facility to purchase demand drafts for making payments. However, as with any banking service, there are charges associated with demand drafts in ICICI Bank. This article aims to provide an in-depth understanding of these charges, helping you navigate the costs involved.
The following table outlines the standard charges for issuing a demand draft at an branch using a cheque or account transfer: Slab Amount Standard Charges Up to ₹10,000 ₹50 per DD Above ₹10,000 to ₹1 Lakh ₹5 per ₹1,000 (Min. ₹75; Max. ₹15,000) Above ₹1 Lakh ₹4 to ₹5 per ₹1,000 (Max. ₹15,000)
Additionally, ICICI Bank may charge extra for: demand draft charges in icici bank
For any transfer above ₹10,000 where instant electronic payment is accepted, NEFT/IMPS is cheaper and faster. A DD is only rational when:
₹5 per ₹1,000 (Subject to a maximum of ₹15,000). Additional Service Fees In the realm of banking, demand drafts have
While most demand drafts are requested at a Branch , ICICI Bank also allows for online requests via Internet Banking. Online issuance can sometimes carry lower or flat fees depending on the specific Account Variant (e.g., Privilege or Wealth accounts). ICICI Bank Service Charges & Fees – Updated Schedule 2026
ICICI Bank charges a fee for issuing demand drafts, which varies depending on the amount and location. Here are the charges applicable: This article aims to provide an in-depth understanding
When you need to make a secure payment to a institution or individual where cheques aren't accepted or digital transfers aren't preferred, a Demand Draft (DD) remains a reliable option. If you hold an account with ICICI Bank, here is a detailed breakdown of the charges you can expect to pay.