SBI DD Charges and Cancellation Fees 2026
Demand Drafts (DDs) are a safe and reliable way to transfer money. Before requesting a DD, it is important to check the latest SBI DD charges, SBI demand draft charges, and SBI bank DD charges, as fees vary based on the draft amount. SBI offers DD services to both account holders and non-account holders.
Key Highlights:
- Secure Payments: Demand Drafts (DDs) are secure and widely accepted, with no risk of payment failure.
- Validity: DDs are valid for 3 months; revalidation requires a branch visit and a fee of ₹200 + GST.
- Issuance Charges: Fees start at ₹25 and can go up to ₹2,000, depending on the amount.
- Cancellation: DD cancellation requires a branch visit with the original draft and may attract charges up to ₹100 + GST.
- Fee Waivers: Certain SBI account holders may receive concessions or waivers on DD charges.
SBI Demand Draft Details
Here are other important details you need to know about SBI’s demand drafts:
i. Details Required for Issuance
To issue a demand draft with SBI, the following information has to be entered:
- 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
ii. Validity
Demand drafts are valid for up to 3 months from the date of their issuance. Afterwards, the DD becomes invalid. The SBI DD charge for revalidation is currently ₹200 plus GST.
iii. Issuance Process
Demand Drafts (DDs) can be issued at any SBI branch or through SBI Net Banking. The draft may be collected from a branch or delivered to the registered address for an additional courier fee. DDs can be issued from eligible Savings, Current, Cash Credit, or Overdraft Accounts. A reference number and issuance advice are provided upon successful processing.
iv. Cancellation Process
SBI Demand Drafts cannot be cancelled online. Cancellation must be requested at an SBI branch by submitting the original DD. For cash-purchased DDs, the original draft and receipt are required, while account-funded DDs require a DD cancellation form along with the original draft. Applicable SBI DD cancellation charges will be deducted before the refund is processed. Refunds may be difficult to obtain without the original demand draft.
SBI DD Charges
The following SBI demand draft charges apply for the issuance of IOI (inter-office accounts), which includes demand drafts and banker's cheques at any SBI bank branch:
| Demand Draft Issue | Amount |
| For a DD of up to ₹ 5,000 | ₹ 25 including GST |
| For a DD worth over ₹ 5,000 and up to ₹ 10,000 | ₹ 50 including GST |
| For a DD worth over ₹ 10,000 and up to ₹ 1,00,000 | ₹ 5 including GST for every ₹ 1,000 (minimum charge- ₹ 60) |
| DDs above ₹ 1,00,000 | ₹ 4 including GST for every ₹ 1,000 (minimum charge- ₹ 600, maximum charge- ₹ 2,000 including GST) |
| IOI demand draft charges | Same as above |
| Postage and courier charges | ₹ 50 plus GST in addition to the above charges |
SBI DD Cancellation Charges
The following are the SBI demand draft cancellation charges applicable for different customers and accounts:
| Draft Amount | Cancellation Charge Amount |
| Up to ₹ 500 | NA |
| Above ₹ 500 and up to ₹ 5,000 | ₹ 25 plus GST |
| Above ₹ 5,000 and up to ₹ 10,000 | ₹ 50 plus GST |
| Above ₹ 10,000 | ₹ 100 plus GST |
| IOI Demand Draft Charges | Same as the above charges |
| Cancellation and Issuance of Duplicate IOI | ₹ 200 plus GST |
Waiver of SBI DD Cancellation Charges
For certain accounts, the State Bank of India does not levy cancellation charges (up to a certain limit for some accounts).
- For All Salary Package Accounts: No cancellation charge subject to no restrictions on free drafts and DD amount
- Shaurya Family Pension Account: No cancellation charge with no restrictions on the number of drafts or DD amount if issued to the family pension account
- Diamond and Platinum Variant Current Account Customers: Unlimited free drafts
- Gold Variant Current Account Customers: 50 free drafts per month
- Shubharambh-Startup Current Account: 10 demand drafts free per month
SBI’s demand drafts allow any customer to transfer funds securely without the risk of counterfeiting or bounced payments. Applicants can apply for demand drafts online at SBI’s official internet banking portal or at the nearest SBI branch at nominal costs.
Related Demand Draft Articles:
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ICICI Bank DD Charges and Cancellation Fees
Bank of Baroda DD Charges and Cancellation Fees
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IOB DD Charges and Cancellation Fees
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