SBI DD Charges and Cancellation Fees 2025
Demand Drafts (DDs) are a secure and reliable method of transferring money from one bank account to another. They offer a host of advantages, including a high degree of safety, wide acceptance, and no transaction limits, making them one of the most popular payment methods. One of India's largest banks, the State Bank of India, provides demand draft services, allowing anyone to issue and receive DD payments.
Before you start using demand drafts to issue payments, you need to be aware of the charges involved in issuing DDs and cancellations. In the following sections, we will cover SBI DD charges for 2025.
SBI Demand Draft Details
Here are other important details you need to know about SBI’s demand drafts:
Details Required for Issuance
To issue a demand draft with SBI, 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. The SBI DD charge for revalidation is currently Rs. 200 plus GST.
Issuance Process
Customers can issue a demand draft at any SBI 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. You can also courier the demand draft to your registered address, and the courier charges will be levied on you.
You can register demand drafts from any of your SBI accounts, including savings accounts, current accounts, cash credit accounts or overdraft accounts. You will get a reference number and printed advice upon successful issuance.
Cancellation Process
You cannot cancel an SBI DD online; instead, you must visit your nearest SBI bank branch to start the cancellation process. If you have paid for the demand draft in cash, you need to submit the original demand draft to the bank along with its cash receipt. If you have paid from your account, you need to fill out a DD cancellation form and submit it with the original draft.
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.
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 Rs. 5,000 | Rs. 25 including GST |
| For a DD worth over Rs. 5,000 and up to Rs. 10,000 | Rs. 50 including GST |
| For a DD worth over Rs. 10,000 and up to Rs. 1,00,000 | Rs. 5 including GST for every Rs. 1,000 (minimum charge- Rs. 60) |
| DDs above Rs. 1,00,000 | Rs. 4 including GST for every Rs. 1,000 (minimum charge- Rs. 600, maximum charge- Rs. 2,000 including GST) |
| IOI demand draft charges | Same as above |
| Postage and courier charges | Rs. 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 Rs. 500 | NA |
| Above Rs. 500 and up to Rs. 5,000 | Rs. 25 plus GST |
| Above Rs. 5,000 and up to Rs. 10,000 | Rs. 50 plus GST |
| Above Rs. 10,000 | Rs. 100 plus GST |
| IOI Demand Draft Charges | Same as the above charges |
| Cancellation and Issuance of Duplicate IOI | Rs. 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. You can apply for demand drafts online at SBI’s official internet banking portal or your nearest SBI branch at nominal costs.
You can visit the branch to collect your requested DD or opt to send it to the receiver through courier services. As SBI DD charges and cancellation fees are nominal, it’s a convenient way of sending and receiving funds.
Related Demand Draft Articles:
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ICICI Bank DD Charges and Cancellation Fees
Bank of Baroda DD Charges and Cancellation Fees
Punjab Bank DD Charges and Cancellation Fees
IOB DD Charges and Cancellation Fees
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