Saturday, 3 December 2016

How to Apply for Demand Draft Online from SBI Internet Banking

Recently I had to submit a demand draft(DD) in college for taking admission. The value for which demand draft had to be made was Rs. 55062. Banks have a rule that you must have to debit money from account for making demand draft if the value of DD is above Rs. 50,000. This is done for tax purposes. However, if the demand draft value is less than Rs. 50,000, there is no need of bank account. You can simply pay by cash in that case.

Applying for DD offline takes time. First, you have to fill form and attach a cheque if the DD amount is above Rs. 50,000. Then you have to wait for like at least half an hour for DD in the bank if the bank is PSU like State Bank of India(SBI), Punjab National Bank(PNB), etc. Also there are chances of mistyping of institution name(in favour of) in DD by bank officials since it is entered by them.

Previously all the DDs which I got issued were of low values. This time, the value of DD was high. I was short on time. This time, I also had an online SBI account(Internet Banking enabled savings account from State Bank of India). So I thought of applying online for Demand Draft using OnlineSBI. In online mode, there is no possibility of mistyping since you enter all the details. In this post, I will be sharing how I applied for demand draft online SBI and got it from bank. Although if you have time, you can get the DD delivered to your home through courier by paying extra Rs. 51 in commission amount.

Steps to Issue Demand Draft from Online SBI


1) Login to your Online SBI account.

2) Click on 'Payments/Transfers' tab after logging in as shown in the image.


3) Now click on 'Issue Demand Draft' as shown in the image.


4) Enter 'Profile Password' to go further.


5) Now enter the details of the Demand Draft as shown in the image.
  • First of all, change the default Demand Draft limit to your need. Make sure that you have enough amount in your bank account for the DD.
  • Then select the account from which you want to debit the amount for DD if you have more than one savings account or current account.
  • Then enter the amount of the demand draft. In my case, it was Rs. 55062.
  • Then enter the 'In favour of' field i.e., the institution, college, university, person or company name whom you want to pay the DD.
  • Then choose the purpose of the DD from the drop-down menu. For me, the purpose was 'Payment of Education fee'.
  • Then enter the branch code for the branch at which the demand-draft is payable. If you don't have the specific branch given from college or university, then don't worry and select the service branch of that city or state. For example, my college gave me only the area Payable at which was 'New Delhi' and not any specific branch. So I went to 'Branch Locator', searched for Service Branch, entered its branch code and then clicked on 'Get Branch Name'. In offline form, it is not mandatory to fill this branch code. It made me worry at first but branch code doesn't matter since all the dealings are done online.
  • Now select the Delivery mode- 'Collect in Person' or 'Courier'. In first method, you have to visit the branch from where you debited the amount for DD and collect the DD. In second method, DD is sent to you through courier for an extra fee of Rs. 51.
  • After that, click submit.



6) Now you will be charged commission for the DD. For me, the charge was Rs. 5 per Rs. 1000 i.e., 0.5%. Then verify details and confirm the transaction.


7) Then you will receive 'High Security Password' on your registered mobile number. Enter it and click 'Confirm'.


8) Now you will get the 'Transaction Reference Number' along with the DD details. You will get the option for printing counterfoil option if you chose the 'Collect in Person' option. Print the counterfoil, take it with you to the branch during the bank working hours, show it to the bank official and collect the DD.



9) I did not use the 'Courier' option because I needed the DD next day. I went to the bank the same day after filling details online and got the DD in 10 minutes due to queue. Otherwise I would have got it in less time. Since all the details are already filled in online mode, bank officials just need to take a print-out so they don't take as much as time in offline mode.

10) I wanted to post the scanned copy of DD online but then thought against it since it's been only a week since I issued the DD and I am not sure whether the college have cashed the DD or not. It's not that important either to post the DD online.

Hope this article helps you in issuing demand draft online using SBI Internet Banking!

101 comments:

  1. Can we take printout n get dd from some other branch other than the branch we have account

    ReplyDelete
  2. Do we need to take the DD in same branch where we have the account?
    Wats the possibility of getting the DD manually after waiting for sometime from different branch but not in home branch as branch is not in same city

    ReplyDelete
    Replies
    1. Hi Rakhi, yes you need to take the DD in same branch where you have account. Regarding your second question, please clarify what you want to ask.

      Delete
  3. I want to know whether a DD issued through SBI INTERNET BANKING payable at SBI SERVICE BRANCH bhubaneswar, can be encashed in any STATE BANK BRANCH situated in bhubaneshwar???
    I followed your advice and issued online dd payable at SERVICE BRANCH,BHUBANESWAR, but now I found out that it is closed.
    So I want to know that can the DD be encashed in other branch of SBI BHUBANESWAR or I have to cancel it?

    ReplyDelete
    Replies
    1. Hi Amit, DD can be encashed in other branches of SBI too.

      Delete
  4. How to Apply for Demand Draft Online from PNB using Internet Banking

    ReplyDelete
    Replies
    1. Hi Saurav, I don't have a bank account in PNB. If PNB allows online draft facility, then you will surely get the option for Demand Draft inside your PNB Internet Banking account. Check properly.

      Delete
  5. i was confused about the payable branch.
    thanks , it is clarified now.

    ReplyDelete
    Replies
    1. Hi Ravish, glad that this post proved helpful to you.

      Delete
  6. Thanks Gr8 help as SBI itself doesn't give clarity about "payable branch".

    ReplyDelete
    Replies
    1. You're welcome. I had the same problem so I shared this post to help others in the same condition.

      Delete
  7. After applying for the DD online, is it possible that my wife can collect the same without me going there?

    ReplyDelete
  8. Hai Tarun... the DD payable at service branch of SBI can be encashed in any other non SBI bank ???

    ReplyDelete
    Replies
    1. No, it cannot be encashed at non-SBI branches.

      Delete
  9. HI CAN ANY ONE PLEASE HELP I MADE A DEMAND DRAFT OF SOME AMOUNT FROM DELHI SOME BRANCH IN MID MONTH OF DEC FOR PURCHASING A BIKE FROM CANTEEN STORE DEPOT AND WENT ON WITH MY WORK NOW I CALLED TODAY AND ASKED THE DEALER CAN I COME WITH THE DEMAND DRAFT, HE SAID THE RATES HAS ENHANCED ALREADY IN JAN AND SUGGESTED ME TO MAKE ONE MORE DD OF ENHANCED AMOUNT THEREFORE PREVIOUSLY IT WAS 1,26717/- AND NEW RATE 128746= 2029/- THE FIRST DD WAS OF AMOUNT 1,27717/- AND I SHOULD MAKE ONE MORE OF 2029/- TO MAKE IT 1,28746/- DD SO MY QUESTION IS THAT IS IT ACCEPTABLE IN ANY PLACE OF WORK TO MAKE 02 DD's FOR ONE ITEM AND FROM DIFFERENT BRANCHES ALSO ONE FROM DELHI ANOTHER FROM PUNJAB PLS SUGGEST THE RIGHT WAY

    ReplyDelete
    Replies
    1. Hi Vivek, I don't know the answer for your query.

      If some reader has any experience regarding this, please help Vivek.

      Delete
    2. Yes, You can Mr.Vivek Rana. You can make 2 DD's for 1 item.

      Delete
  10. i applied for sbi online dd on 31 march which is the ignou last date it got succeful got transaction number i have to collect it next day from bank i wanna ask the date of dd is it 31 or 1 april plzzz ans

    ReplyDelete
    Replies
    1. I think the date of DD would be the date it is printed on.

      Delete
  11. hi. does it work on bank holidays too? I mean if I want a DD on Sunday, is it possible through online DD?

    ReplyDelete
    Replies
    1. Hi Bhanupriya, I don't think this is possible. If you choose collect in person option, how would you collect the draft if the bank is closed. If you choose the courier option, even then it would not be delivered on the same day.

      Delete
  12. is there any way to get dd number before collecting it from the branch? i was applying for a course and the last date is today, i.e sunday. i cannot get dd today. but online application form of the institute is insisting to give a dd no

    ReplyDelete
    Replies
    1. Hi Muhammed, it's not possible to get the DD no. without getting the DD.

      Delete
  13. hi.. i m far away from my home branch.. can i fill in the service branch near me and get dd from that branch? i hope yu undrstand my query..

    ReplyDelete
    Replies
    1. Hi there, I don't think that is possible.

      Delete
  14. I have applied online sbi DD of 1000Rs. on Sunday. Could I cancel it online before issuing the demand draft from the sbi branch?

    ReplyDelete
    Replies
    1. Hi Ram, as far as I know, there is no option to cancel online SBI application since the money gets deducted beforehand. Ask the bank employees in the bank and show them the passbook showing that you have already paid the money. Get the transaction cancelled. Otherwise get the draft issued and then get it cancelled.

      Delete
  15. Hi tarun, from which branch i can collect my dd and what to write in payable branch

    ReplyDelete
    Replies
    1. Hi Aniket, you can collect your DD from your home branch where you have bank account.

      Enter the branch code for the branch at which the demand-draft is payable. If you don't have the specific branch given from college or university, then don't worry and select the service branch of that city or state. For example, my college gave me only the area Payable at which was 'New Delhi' and not any specific branch. So I went to 'Branch Locator', searched for Service Branch, entered its branch code and then clicked on 'Get Branch Name'.

      Delete
  16. Hai.. Already I take dd via sbi online but I dnt take print out...now how I can print out again?? Kindly help me

    ReplyDelete
    Replies
    1. Hi Ashok, go to Demand Draft page and click on last 5 transactions. There go to the DD you created and take the print out.

      Delete
  17. can i take a dd of 275000 in any of the sbi bank or its possible in the home branch only

    ReplyDelete
    Replies
    1. Hi Prawin, you can take the DD from home branch only.

      Delete
  18. CAN WE MAKE DD OF AMOUNT AROUND 5 LACS FROM NON SBI BRANCHES ?

    ReplyDelete
    Replies
    1. Hi Rakesh, yes you can but you would have to pay by cheque since the amount is more than Rs.50000.

      Delete
  19. hi tarun, if i made a dd today saturday 9th of july then i will collect it from my home branch on the next working day or the day after sunday, monday 11th of july then the date printed on dd would be 9th of july or 11th of july ?

    ReplyDelete
    Replies
    1. Hi, the date printed on DD would be 11th July.

      Delete
  20. can i pay dd in any other sbi branch other than home branch.if not, if i pay dd in home branch, can the beneficiary get the amount from other branch

    ReplyDelete
    Replies
    1. Hi, you can pay DD in any other branch other than home branch.

      Delete
  21. My college(NIT kurukshetra) ask for 13000 dd to be payable at kurukshetra only. But while using Sbi online , when asked for branch name...i don't know. So I use branch locator and I use the code of Sbi branch of my college . Will the dd be valid or will college reject it?

    ReplyDelete
  22. Hi, my college Nit kurukshetra ask for a DD of 13650 to be payable at kurukshetra only. While using online Sbi , when asked for branch code, I used branch locator and then I used SBI nit kurukshetra . Is my dd okay coj in my dd it is showing drawee bank as Sbi nit kurukshetra ? Will my college accept it coj they demand for dd to be payable at kurukshetra only?

    ReplyDelete
    Replies
    1. Hi Jagdeep, don't worry. College will accept the DD.

      Delete
  23. My sbi home branch is nasirabad...so can I apply for dd online and collect it from sbi narnaul Haryana branch...

    ReplyDelete
    Replies
    1. Hi Hariom, I don't think that is possible.

      Delete
  24. Great post!
    I have a question.
    I understand that we can collect DD in person only from our home branch but if select the option of courier then we can get the DD anywhere in the country right?

    ReplyDelete
    Replies
    1. Yes, you can get the DD anywhere in India if you select the courier option.

      Delete
  25. Nice post, thanks for taking time to clarify lot of questions.
    Can my friend go and pick up the DD on my behalf from my home branch account, please clarify.

    Thanks

    ReplyDelete
    Replies
    1. Hi Saravana, since the money has already been paid online, the bank should not have any problem in giving the DD to your friend provided your friend gives them the counterfoil.

      Delete
    2. Thanks for replying immediately, im planning to apply DD online through sbi portal, the counterfoil should be the DD transaction number , right ?

      Thanks again for helping out lot of people on this.

      Delete
    3. Hi Saravana, the counterfoil is the receipt you will get after applying for DD. Yes, it should have the DD transaction number.

      Delete
  26. Hi.tarun.today i made a dd.my college recommend to make dd in favour of xyz payable at the sbi branch of college,but my mistake i had given diff branch of same city but it is also sbi..will college accept my dd..or they will cancel my dd..

    ReplyDelete
    Replies
    1. Hi Ankit, as far as I know, it does not matter which branch you selected because all the DDs are processed at service branch. Su your college should not have any problem in accepting your DD.

      Delete
  27. How many days will it take to come the DD by courier.
    As I want the DD next day. And also I m not in my home town so that I can choose the collect in person option

    ReplyDelete
    Replies
    1. Hi Sudhanshu, I don't know the exact days it will take for courier to reach you since I never used this option.

      Delete
    2. Ohkkk. Btw thanks tarun for such a helpful post.
      It's really helpful.

      Delete
  28. 1.can i apply for DD for 85000rps online, or do i have to apply offline only.
    2. i don't have the account in vijaya bank but my father has. so is it that my father also need to come with me for getting dd in the favor of my college, or will they issue it to me if i only go with signed check to apply for 85000r/s dd.

    ReplyDelete
    Replies
    1. 1) You can apply both offline and online.

      2) It depends on the banks whether they require the real account holder to be present or not.

      Delete
    2. 1. Is it mandatory to write DD amount along with commission charges in the check or is it ok if we mention only dd amount.
      2. What exactly should i write for pay, is it 'yourself dd' or something else.

      Delete
    3. 1) Mention only the DD amount. Commisison is calculated automatically.

      2) Write the organization name to which you are paying.

      Delete
  29. Hii I make a dd through INB now I want to cancelled it how can I

    ReplyDelete
    Replies
    1. Hi Binit, go to bank with counterfoil and get the transaction cancelled.

      Delete
  30. Hi...can i get dd number online before collecting from branch....because i need dd details today only....but now no sbi bank will be available to give my dd...plz help

    ReplyDelete
    Replies
    1. Hi Rajesh, DD number is printed only on DD.

      Delete
  31. i want to make a print of my DD for collection at bank but when i m clicking on my last 5 transaction its not working....

    ReplyDelete
    Replies
    1. Then you can go to bank to cancel this transaction and get another DD made.

      Delete
  32. The commission charges for 55062 which is 275 as mentioned sounds a bit high.. What is the commission charges slab for DD drawn via INB? Does it differ from offline payment?

    ReplyDelete
    Replies
    1. Hi Aravind, the commission charges for DD are same for INB as well as offline payment.

      Delete
  33. Hi, I want to make a donation through DD. The draft will be encashed in Mumbai itself. But i dont know if they have an account with SBI or someother bank. Usually when i made DD at the branch in the form i would just write Mumbai. So, now that am making it online, what do i write in the branch code option at which the DD is payable?

    ReplyDelete
  34. Sir, I want a DD payable at Tirunelveli. But in the branch locator there is no service branch in Tirunelveli specifically but Sbi branch is there. If I put this option then my DD valid or not. Thank u

    ReplyDelete
  35. Do we get all details(Like DD number) of DD (soft copy) after paying online at same time online or we have to wait for courier or to visit branch for hard copy

    ReplyDelete
    Replies
    1. Hi Amar, you have to wait for courier or visit branch for hard copy to get details like DD number.

      Delete
  36. thanku tarun for the info. but i was charged rs 28.75 for dd of 1000rs

    ReplyDelete
    Replies
    1. Hi Aditi, for a Demand Draft upto Rs.5000, the charge is Rs.25 + Service Tax. That's why you were charged Rs.28.75 for DD of Rs.1000. Hope this helps.

      Delete
  37. If i ve a central bank cheque.can i make a dd in sbi branch

    ReplyDelete
  38. I have a DD issued to me and I have a State Bank of Travancore savings account. Can the DD be cleared/deposited to my account by any SBI branch back in my hometown?

    ReplyDelete
    Replies
    1. Hi Aditya, it's better to ask the bank officials.

      Delete
  39. hi If I perform all the process on say friday night and collect the DD on saturday, so which date will be mention on DD ?? date of saturday or friday ?

    ReplyDelete
  40. Hi Tarun singh, I applied the DD transaction Via online processed from my home town branch(account) but I gave the person to collect from Bangalore branch code address , would be possible to take the DD receipt?

    ReplyDelete
    Replies
    1. Hi Saravana, I don't think it's possible. Do share your experience here so that others having the same question can take benefit.

      Delete
  41. Does it show DD number when done online?

    ReplyDelete
  42. Can be it is possible that dd via courier option get other than registered address which is far away from home branch

    ReplyDelete
    Replies
    1. Yes, you can get the DD by courier to any address.

      Delete
  43. Is it necessary to take print out counterfoil, can we show on mobile

    ReplyDelete
    Replies
    1. It's SBI. They can deny on mobile. Don't take chances. Take the counterfoil.

      Delete
  44. hi Tarun ,
    I am not able to go and print my counterfoil as you said by going to last five transactions , when I clik on D/D page , it is asking me to 'pls enter the amount' . Pls help!!, I need to send this D/D urgently. vish.bhakthavatsalam@gmail.com, supposing if i dont have counter foil, if I have transaction number will it suffice for bank to provide the d/d. pls reply urgently, if possible by today itself
    thanks

    ReplyDelete
    Replies
    1. Please ask the bank. It's on their discretion. Moreover they need only transaction number so please go to bank and tell them your problem.

      Delete

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