I recently opened an account in the State Bank of India andsearching for some details about this bank. Will you please provide all details related to State Bank Of India Draft Making Charges and also tell what the DD cancellation charges also provide reistered office address of bank?

State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

Demand draft in the Indian context is essentially a written order, where a buyer pre-deposits certain amount of money in a bank and hands over the ‘written order’ to the seller.

As far as the DD CHARGES go, the countries largest bank SBI charges are as follows:

Up to Rs.5000: Rs.25

From 5000 till 10000: Rs.41

From 10000 till 1 lakh: Rs.3 per every 1000 (minimum charge of Rs.51)

Above 1 lakh: Rs.3 per every 1000 (minimum charge of Rs.306)

Note: These rates are as on 1 June 2013 and may change any time.

SBI Draft Making Charges:

The charges for Retail Internet Banking customers are:

Upto 10,000 No Commission
10,001 to 1,00,000 Rs.50/-
1,00,001 to 5,00,000 Rs.100/-

DD- Issue

Upto Rs.10000/- Rs. 30/-
For > Rs.10000/- charges Rs.0.25 percent (i.e. per Rs.100/-)
Minimum Rs. 50/- Max. Rs. 12500/- (cash handling charges Rs.10/-)

DD-Cancellation

No charges for DD having face value upto Rs. 500/-, Thereafter, Rs. 100/- per instrument (flat rate)

DD-Duplicate

No charges for DD having face value upto Rs. 500/-, Thereafter, Rs. 100/- per instrument (flat rate)

DD-Revalidation

No charges for DD having face value upto Rs. 500/-, Thereafter, Rs. 100/- per instrument (flat rate)

Contact:

State Bank of India
State Bank Bhavan, Madam Cama Road
Mumbai-400021.

SBI Office Phone Number: +91-22-22029456
SBI Office Fax Number: +91-22-22742431