ICICI Bank's Demand Draft (DD) charges are primarily determined by the draft amount and the customer category. Standard issuance fees start at ₹50 for small amounts and are capped at a maximum of ₹15,000 for high-value drafts.
ICICI Bank’s DD charges are transparent and tiered, making them cost-effective for medium to large amounts (₹10,000–₹1 lakh) but slightly expensive for very small drafts. Customers should always add 18% GST to quoted fees and consider digital alternatives for routine transfers. For those who still require DDs (e.g., visa applications, exam forms), issuing online or via a Wealth account can significantly reduce costs.
ICICI Bank's demand draft (DD) charges are structured based on the draft amount, the type of account holder, and whether the payment is made via account transfer or cash. Issuance Charges Charges depend on the value of the demand draft and the customer's profile: For Regular Customers (via Account Transfer/Cheque): Up to ₹10,000: ₹50 per DD. Above ₹10,000: ₹5 per ₹1,000 or part thereof. Minimum charge: ₹75. Maximum charge: ₹15,000. For Special Categories (Senior Citizens, Students, Rural Locations): Up to ₹10,000: ₹40. Above ₹10,000 to ₹50,000: ₹60. Above ₹50,000: ₹5 per ₹1,000 (Maximum ₹15,000). Issuance by Cash Deposit: General rate: ₹5 per ₹1,000 or part thereof. Minimum charge: ₹100. Maximum charge: ₹15,000. Note: Cash-based DDs are limited to ₹49,999 per RBI guidelines. Paisabazaar +4 Cancellation, Revalidation, and Duplicates Administrative fees apply for managing already issued drafts: Cancellation: ₹100 per instance. Revalidation: ₹100 per instance. Duplicate Issuance: ₹100 per instance. Exceptions: For instrument values up to ₹200, these services are typically free. ClearTax +5 Online vs. Branch Issuance Branch: Standard slab-based rates apply as detailed above. Online Banking: Charges are generally lower, and premium account holders may receive discounted or free issuance. NoBroker +1 For further details on specific account types, you can review the ICICI Bank Service Charges and Fees or check the official Schedule of Charges for Savings Accounts on
AI responses may include mistakes. For financial advice, consult a professional. Learn more ICICI Bank DD Charges and Cancellation Fees 2025 - ClearTax
ICICI Bank’s DD charges include:
| Bank | DD up to ₹10,000 | |------|------------------| | ICICI | ₹50 + GST | | HDFC | ₹70 + GST | | SBI | ₹25 + GST (for self-account) |
ICICI is moderately priced, positioned between PSU banks (cheaper) and premium private banks (similar).
As per RBI guidelines, cash payments for DDs are restricted to a maximum of ₹49,999 . Other Service Fees
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