Canara Bank DD Charges and Cancellation Fees 2025

Canara Bank, the most well-known bank in the Indian banking industry, has gained prominence in recent years. Established in 1906, this financial institution has become quite popular for offering customers a plethora of services and catering to their needs as per their tastes and preferences. For ease of payment, the bank provides cheques, ECS and demand draft services, among others. 

Familiarising yourself with important details of demand drafts to carry out a safe and secured payment process is important. Continue reading this article to learn more about the Canara Bank DD charges, how to cancel DD, its charges and others. 

Canara Bank Demand Draft Details

Demand drafts are one of the most favourable methods of making payments. They are negotiable financial instruments that allow individuals to facilitate payments. Crucially, the individual issuing the demand draft should deposit the amount in the bank, which then arranges for the payment to be made on their behalf by another bank. 

Here are other important details you need to know about Canara Bank’s demand drafts: 

Details Required for Issuance

To issue a demand draft with Canara Bank, 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

Validity

Demand drafts are valid for up to 3 months from the date of their issuance. Afterwards, the DD becomes invalid. However, it can be revalidated only once for 3 more months after 3 months of its issue at the specific written request.

Issuance Process

Customers can issue a demand draft at any Canara Bank branch or online through the bank’s official net banking portal. They can collect the DD from a branch and dispatch it to the beneficiary. 

Cancellation Process

SBI DD charges for cancellation will apply, and you will receive a refund after these charges are deducted. Note that it will be difficult to receive a refund if you don’t have the original demand draft. 

Canara Bank DD Charges 

Canara Bank DD charges are the fees the bank requires for the issuance of demand drafts. Here is a detailed overview of the Canara Bank DD charges:

Canara Bank DD Cancellation Charges

Let’s explore the Canara Bank demand draft cancellation charges in detail below:

The revised demand draft charges and cancellation fees reflect Canara Bank's commitment towards securing transactions and experiencing smooth and efficient customer service. Though the charges vary according to location and amount of draft, the customers are assisted in completing transactions without carrying large amounts of cash and associated risk. 

If you are considering using demand draft services, check the Canara Bank DD charges and cancellation fees listed above. You can save money on transaction charges by keeping you aware of the cancellation charges and issuing fees.

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