ICICI Bank DD Charges and Cancellation Fees 2025

Demand drafts are considered a safer alternative to personal cheques. They can be used as a financial instrument to pay fees, make investments, settle outstanding bills, and more. As one of the largest private sector banks in the country, ICICI Bank offers various banking services, including the issuance of demand drafts.

However, ICICI Bank charges fees for its DD issuance services. This article explores the details of ICICI Bank's demand draft charges; make sure to read to the end to learn about the ICICI Bank DD charges.

ICICI Bank Demand Draft Details

Given below are some crucial details regarding the ICICI Bank demand draft charges, which you must be aware of before availing of this service:

ICICI Bank Demand Draft Features

ICICI Bank offers a safe and secure way of receiving and sending payment through demand drafts, which are payable on demand. The customer needs to pay the bank to issue a demand draft, and these cannot be counterfeited. This makes DDs safer than personal cheques, where the chances of dishonour are high. The demand draft is paid to the receiver or beneficiary who presents the document to their bank. 

ICICI Bank Demand Draft Types

ICICI Bank demand drafts are classified into two types based on the mode of payment receipt. This includes:

• Sight Demand Draft: This type of ICICI Bank demand draft is payable when the person who receives the DD submits a required list of documents to the bank to release the DD payment. The bank authenticates the documents before paying the set amount to the recipient of the DD. In any case, if the documents are not proven to be appropriate, the bank holds the right to deny any payment.
• Time Demand Draft: This type of demand draft of ICICI Bank is payable only at a specific time, which is mentioned in the draft. This type of demand draft is not payable at any time other than the one mentioned in the draft.

ICICI Bank Demand Draft Issuing Process

ICICI Bank allows the issuance of demand drafts online and offline. However, if you wish to avail of an online issuance facility, you must activate the internet banking service for your savings account at the bank. 

You can also opt for the offline process to issue your demand draft. To do so, you need to visit the nearest ICICI Bank branch and ask for a demand draft request form from the bank executives. Fill in the details as asked and submit them to the bank along with the payment.

ICICI Bank Demand Draft Cancellation

In case you wish to cancel a demand draft and get your paid amount back, you can do so by visiting your nearest ICICI Bank branch. You need to ask for a demand draft cancellation form, fill in the required details and submit the form to the bank. The bank will refund your payment after deducting the DD cancellation charges. However, if you have paid for the DD in cash, you need to submit the original demand draft along with the receipt for your cash payment to receive the refund. 

ICICI Bank DD Charges

The following table features the ICICI Bank DD charges in detail:

ICICI Bank DD Cancellation Charges

The ICICI Bank DD cancellation charges are Rs. 100 per instance. The charges for duplicate DD and DD revalidation are also Rs. 100 per instance.

ICICI Bank offers safe and secure demand draft services to all its customers, ensuring the utmost security when processing transactions. However, the bank charges a minimal amount for the issuance of demand drafts.

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