Key Announcements RSS

  • 19th Annual Report


    Bank's 19th Annual Report is available >>> Read More

  • Shivalik Bank and LIC of India join hands!

    Shivalik Bank now offers life insurance plans of LIC of India as its corporate agent. An MoU was

    >>> Read More

DD/Pay Order

Demand Drafts

A demand draft is a written order by a bank branch to another bank branch to pay a stated sum of money to the designated holder of the instrument.  Banks issue such order at your request against a small fee and hand it over the instrument i.e. the Demand Draft to you which you have to send to the beneficiary.

Pay Order

You need a Pay Order for making local payments to some supplier / dealer for the goods/services purchased by you. This may happen if:

1. The Dealer is not accepting your payment in cash / your personal cheque.

2. You have availed a loan from us for purchase of some asset (car, scooter, machinery, equipment, property etc.) and the payment is directly being sent to the seller.

Please click here for SCHEDULE OF CHARGES for Demand Draft and Payorder.