Bank Of India DD Commission Charges

Hello sir, I’m a member of bank of India. I want to know that how many charges are available for DD commission in bank of India.

[shikha]

At bank of India a Demand Draft is a much safer and certain method of payment than cheques, since in the case of cheques, an individual is the drawer and hence the cheque can be dishonoured by the drawee bank due to insufficiency of funds in the drawer's account.

In case of DD the drawer is a bank, payment is certain and it cannot be dishonoured. This is also one of the oldest forms of remittance of funds.

Bank of India service charges of DD Commission







Service Charges Rates:
Revision of Services Charges with effect from 01.05.2010

Inter-sol Transactions:

Issue of DD upto Rs.1000 Rs.17.00
Issue of DD above Rs.1000 - upto Rs.5000 Rs.28.00
Issue of DD above Rs.5000 - upto Rs.10000 Rs.34.00
Issue of DD above Rs.10000 - upto Rs.1 lac Rs.3.50 per thousand or part thereof, Minimum Rs.35.00
Issue of DD above Rs.1lac Rs.3.00 per thousand or part thereof, Minimum Rs.350.00

Demand draft DD commission in bank of India:

Nature of Service Service Charge(Inclusive of Service Tax)
DEMAND DRAFT Individuals Pensioners Senior Citizens
Upto Rs.1000/- Rs.15/- Rs.14/- Rs.14/-
Above Rs.1000/= upto Rs.5000/= Rs.25/- Rs.24/- Rs.24/-
Above Rs.5000/= upto Rs.10000/= Rs.31/- Rs.29/- Rs.29/-
Above Rs.10000/= upto Rs.100000/= Rs.3.00 per thousand or part
thereof with a min. of Rs.31/- Rs.2.50 per thousand or part
thereof with a min. of Rs.29/- Rs.2.50 per thousand or part
thereof with a min. of Rs.29/-
Above Rs.100000/= Rs.2.75 per thousand or part
thereof with a min. of Rs.300/- Rs.2.00 per thousand or part
thereof with a min. of Rs.250/- Rs.2.00 per thousand or part
thereof with a min. of Rs.250/-