What is pay order? Is it done through bank? What is the commision that bank charged to the client?

Pay order is almost like a cheque. The cheque issued by the banker on payment of commission charges, payable within the town is called Pay Order. In other words it is like a Demand Draft (DD) which is payable on specific town.

Bakers will issue Pay order of local purpose, and issue DD for out stations. The commission on pay orders will be slightly lesser than Demand draft (DD).

The commission on pay order and DD depends on the bank. The minimum charges will be around Rs.25 and above. The commission may be around 1% to 3% depending on the bank. Some banks will issue pay order or DD at free of cost to their customers depending on the customer relationship with the bank.

its DD made by bank & is payable within city.
Commission depends is different for different bnaks

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