A demand draft is a secure payment instrument issued by the bank on behalf of its customers as well as non-customers. This prepaid instrument allows individuals and businesses to make payments to beneficiaries in different locations. I is a reliable fund transfer source and is an essential financial tool for various transactions across the country.
What is Bank of Baroda DD?
Bank of Baroda DD is a prepaid instrument and a secure mode of payment for several high-value transactions. For obtaining a DD from Bank of Baroda you need not be a customer of the bank. You will have to fill up a BOB DD form and pay the transaction amount along with the DD charges Bank of Baroda. The demand draft will have the specific recipient’s name and cannot be transferred to others. It is a reliable and secure mode of payment for several transactions like college fees, real estate dealings, remittances, purchases, etc. It is a widely accepted payment mode as the payment is guaranteed by the issuing bank and there is very little scope for anything going wrong with the transactions.
Input Fields in The Bank of Baroda Demand Draft?
After obtaining the Bank of Baroda DD form you will have to complete the form by filling up the mandatory details. You will have to provide the following details
- Name of the DD issuing branch
- Date of the DD request
- Mode of payment for the DD amount (cash, or cheque, or account debit). Tick the relevant box available in the BOB DD form.
- Name of the Payee (The person receiving the amount-Beneficiary)
- Address of the Payee
- Amount of the DD in words
- Amount in the DD in figures
- DD charges BOB in figures
- The total amount in figures
- DD payable place
- Name and address of the applicant (Your name if you are applying for the DD)
- Mobile number of the applicant
- Details of the account if the amount has to be debited from your Bandhan Bank Account or denominations if you are paying cash
- Signature of the applicant.
How To Issue Bank of Baroda DD Online?
For submitting a request for Bank of Baroda DD online you will have to follow some simple steps.
- Login to your Bank of Baroda net banking account with login credentials.
- Look for the demand draft request option and place a request.
- Provide all the details like the payee’s name and address, DD payable at, DD amount, and your name and address.
- Submit the request. Pay the DD amount along with the BOB DD charges and check out.
- You will have to provide your communication address for the dispatch of the Bank of Baroda DD to your address.
- If you desire the DD to be directly dispatched to the Beneficiary, you should make a specific request.
- The DD will be dispatched through courier and the charges will have to be borne by you.
How To Issue Bank of Baroda DD Offline?
For obtaining Bank of Baroda DD offline, you will have to follow the steps given below:
- Visit any of the Bank of Baroda branches.
- Collect the DD form BOB
- Fill in the relevant details without mistakes
- Submit the DD along with the amount (DD amount plus BOB DD charges).
- If you are making payment in cash, then submit the Bank of Baroda DD form along with the amount at the cash counter.
- If the amount has to be deducted from your account, mention your account number in the form or submit the DD along with a cheque.
Upon receiving the amount and verifying the details, the bank will issue a demand draft.
Validity of Bank of Baroda Demand Draft
The Bank of Baroda DD is valid for 3 months from the date of issue. After the expiry of 3 months, the demand draft can be revalidated for a further 3 months on request by the customer. Beyond 3 months the demand draft will be cancelled and a fresh DD issued after collected the Bank of Baroda DD charges
How To Avail of Bank of Baroda DD Form?
Visit any branch of the Bank of Baroda and get the Bank of Baroda DD Form. For applying for a Bank of Baroda DD through Internet Banking you will have to fill in the details required online and submit the request after paying the DD amount and the relevant charges.
Bank of Baroda DD Charges
Bank of Baroda collects a fee for issuing a demand draft. The DD Charges Bank of Baroda is as given below:
BOB DD Charges for Individuals and Senior Citizens
Slab | Semi-Urban/Rural Branches | Metro/Urban Branches |
Up to Rs. 5000 | Rs. 30 | Rs. 40 |
Above Rs. 5000 up Rs. 25000 | Rs. 50 | Rs. 60 |
Above Rs. 25000 up to Rs. 1.00 lac | Rs 2.50 per thousand and part thereof. Minimum: Rs. 30 Maximum: Rs. 250 | Rs. 3 per thousand and part thereof minimum: Rs. 40 Maximum: Rs. 300 |
Above Rs. 1.00 lac | Rs. 3.50 per thousand and part thereof with a Minimum: Rs. 350 Maximum: Rs. 15000 | Rs. 4 per thousand or part thereof Minimum of Rs. 400 Maximum of Rs. 15000 |
DD cancellation and issue of fresh DD | Up to Rs. 500: Nil Above Rs. 500: Rs. 75 per instrument | Up to Rs. 500: Nil Above Rs. 500: Rs. 75 per instrument |
Issuance of Duplicate DD | Up to Rs. 500: Rs. 20 Above Rs. 500: Rs.175 per instrument | Up to Rs. 500: Rs. 20 Above Rs. 500: Rs. 175 per instrument |
BOB DD Charges for Non-Individuals
Slab | Charges |
Up to Rs. 5000 | Rs. 50 |
Above Rs. 5000 and up to Rs. 25000 | Rs. 75 |
Above Rs. 25000 up to Rs. 1.00 lac | Rs. 4 per thousand or part thereof Minimum: Rs. 50 Maximum: Rs. 400 |
Above Rs. 1.00 lac | Rs. 5.00 per thousand or part thereof Minimum: Rs. 500 Maximum: Rs. 15000 |
DD cancellation and Issue of Fresh DD | Up to Rs. 500: Rs. 20 per Above Rs. 500: Rs. 175/- per instrument |
Issue of duplicate DD | Up to Rs. 500: Rs. 30 Above Rs. 500: Rs. 200 per instrument |
Bank of Baroda DD : FAQs
The Bank of Baroda DD is valid for 3 months.
Nobody other than you can encash the DD issued to you. Your name and account number (if the DD has to be credited to a specific account) will be mentioned on the DD and it has to be deposited to your account only.
Yes. You can place a request for a DD online. You will have to provide all the details like your name and address, account number, payee’s name, the place where the DD is payable, and the amount. After paying the DD amount and the related service charges, you will get a transaction reference number and the DD details. You can print the details for the bank’s reference. You can provide the details at the bank and get the DD printed. Or else if you request delivery of the DD to either your address or the payee’s address, the bank will courier the DD. The courier charges should be borne by you.
If you do not have the original DD, you will have to give an indemnity bond.
The DD can be revalidated only once a year and only for 3 months. Beyond this, the DD will be cancelled and a fresh DD issued after collecting the Bank of Baroda DD charges for the revalidation as well for issuing a fresh DD.