Bank of Baroda DD Charges and Cancellation Fees 2025
When it comes to making payments, the increasing popularity of demand drafts has caught many people’s attention. Bank of Baroda is one of the most reputed public sector banks headquartered in Gujarat. The bank is known for offering various types of reliable banking services, including demand drafts. It has become a popular mode of payment for its safety and convenience.
Read this article till the end to learn about the different types of Bank Baroda DD charges, along with other essential details.
Bank of Baroda Demand Draft Details
Given below are some crucial details regarding the DD charges of Bank of Baroda, which you must be aware of before availing its services:
Bank of Baroda Demand Draft Information
To issue a demand draft with Bank of Baroda, you will need to enter the following information:
- The bank’s branch name and details
- The name of the individual or company authorising payments
- The date of issuance
- The amount payable
- The name of the bank where it’s redeemable
- Signature
Bank of Baroda Demand Draft Issuing Process
You can obtain a demand draft from the Bank of Baroda through Internet banking or by going to the nearest branch. You can either have your demand draft sent to your communication address or dispatched to the beneficiary’s address.
Once the payment for the DD is made to the bank, it confirms your payment and you will receive a receipt for the same. Beneficiaries can then present their demand draft at the bank, and it will clear the payment to them within one to two working days after verifying the documents submitted.
Bank of Baroda Demand Draft Cancellation
If you wish to cancel the demand draft you issued from the Bank of Baroda, you can get your paid amount back by visiting your nearest Bank of Baroda branch and requesting it. However, the refund you will receive will depend on how you paid it at the time of issuance, and the DD cancellation charges will be deducted from the refund amount.
Bank of Baroda DD Charges
Go through the following table that features the different types of Bank of Baroda DD charges list:
Demand Draft Issuance Amount | Charges |
For Individuals in Metro and Urban Areas | |
Up to Rs. 5,000 | Rs. 40 |
Rs. 5,001 to Rs. 25,000 | Rs. 60 |
Rs. 25,001 to Rs. 1,00,000 | Rs. 3 per Rs. 1,000 (Minimum charge of Rs. 40 and maximum charge of Rs. 300) |
More than Rs. 1,00,000 | Rs. 4 per Rs. 1,000 (Minimum charge of Rs. 400 and maximum charge of Rs. 15,000) |
For Individuals, Senior Citizens and Pensioners in Semi-Urban and Rural Areas | |
Up to Rs. 5,000 | Rs. 30 |
Rs. 5,001 to Rs. 25,000 | Rs. 50 |
Rs. 25,001 to Rs. 1,00,000 | Rs. 2.50 per Rs. 1,000 (Minimum charge of Rs. 30 and maximum charge of Rs. 250) |
More than Rs. 1,00,000 | Rs. 3.50 per Rs. 1,000 (Minimum charge of Rs. 350 and maximum charge of Rs. 15,000) |
For Non-Individuals | |
Up to Rs. 5,000 | Rs. 50 |
Rs. 5,001 to Rs. 25,000 | Rs. 75 |
Rs. 25,001 to Rs. 1,00,000 | Rs. 4 per Rs. 1,000 (Minimum charge of Rs. 50 and maximum charge of Rs. 400) |
More than Rs. 1,00,000 | Rs. 5 per Rs. 1,000 (Minimum charge of Rs. 500 and maximum charge of Rs. 15,000) |
Bank of Baroda DD Cancellation Charges
Bank of Baroda also allows its customers to cancel a demand draft, but it is against a few charges. The following table showcases the cancellation charges for the BOB demand drafts:
DD Amount | Cancellation Charges |
For Individuals | |
Up to Rs. 500 | No charges |
More than Rs. 500 | Rs. 75 per draft |
For Non-Individuals | |
Up to Rs. 500 | Rs. 20 |
More than Rs. 500 | Rs. 100 per draft |
Henceforth, the Bank of Baroda ensures to provide a safe demand draft facility, where they implement strict security measures when it comes to processing transactions. So, if you plan to avail demand draft services from Bank of Baroda, check the Bank of Baroda DD charges and proceed to visit the nearest Bank of Baroda branch or their official website for issuance of the demand draft.
Related Demand Draft Articles:
Axis Bank DD Charges and Cancellation Fees
HDFC Bank DD Charges and Cancellation Fees
Canara Bank DD Charges and Cancellation Fees
ICICI Bank DD Charges and Cancellation Fees
SBI DD Charges and Cancellation Fees
Punjab Bank DD Charges and Cancellation Fees
IOB DD Charges and Cancellation Fees
Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.
Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.
CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.
Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.
Cleartax is a product by Defmacro Software Pvt. Ltd.
Company PolicyTerms of use
ISO 27001
Data Center
SSL Certified Site
128-bit encryption