Demand drafts and pay orders are guaranteed payment instruments, accepted for fees, deposits and tenders.
- Demand draft (DD) — payable at another place
- Pay order — payable locally
How to apply
Fill the DD/pay order application form at the branch. Account holders can pay by debit to their account. As per RBI rules, demand drafts of ₹50,000 and above are issued only by debit to the customer's account or against cheques, not against cash.
See service charges for applicable commission.