FOREIGN EXCHANGE RELATED SERVICE CHARGES
a) Exports Related Transactions
|
ITEM |
Description |
BASE
RATE (A) |
SER
TAX @12.36% (B) |
CARD
RATE (C)
= A+B |
|||
|
1.
Export Bills purchased/
Negotiated/discounted a.
Processing Charges for each
foreign
currency export bill. |
Commission For
bills upto USD 5000 For
bills over USD 5000 |
600.00 1200.00 |
74.00 148.00 |
674.00 1348.00 |
|||
|
b.
Processing charges for each rupee export bill |
|
0.30%
Min.
600.00 |
0.0371%
Min 74.00 |
0.3371%
Min 674.00 |
|||
|
c. For forwarding export documents on
which no collection, commission or exchange accrues to the bank
(i.e from one bank to the other in India) |
|
0.30%
Min. 1000 |
0.0371%
Min 124.00 |
0.3371%
Min 1124.00 |
|||
|
d.
Reimbursement charges under Letter of Credit |
Up
to USD 5000 –
Over
USD 5000 & up
to USD1 lac – Over
USD.1 lac per
reimbursement |
600.00 1200.00 1500.00 |
74.00 148.00 185.00 |
674.00 1348.00 1685.00 |
|||
|
e. Forwarding export documents to another bank
for negotiation to whom L/C is restricted by the bank which has booked the
forward contract |
|
0.30%
Min
1000.00 |
0.0371%
min. 124.00 |
0.3371%
Min 1124.00 |
|||
|
f. For joining customer’s guarantees and giving
guarantees on behalf of customers in respect of discrepant documents. |
|
0.20%
Min.
1000.00 |
0.0247%
Min 124.00 |
0.2247%
Min. 1124.00 |
|||
|
g. Overdue export bills purchased/negotiated/
discounted where proceeds are not received in Nostro Account within six
months* |
|
250.00 |
31.00 |
281.00 |
|||
|
h. Charges for discrepancies in export documents
under LC |
|
USD 50.00 |
USD 6.00 |
USD 56.00 |
|||
|
2.
Collection Bills
|
|
0.15% Min 600.00 Max 25000.00 |
0.0185% Min 74.00 Max 3090.00 |
0.1685% Min 674/- Max 28,090/- |
|||
|
per month or part thereof |
300.00 |
37.00 |
337.00 |
|||
|
*Note: 1.
Applicable also in case of
deferred exports if the relative proceeds are not received within the
stipulated period 2.
Not
applicable in case of bills drawn on countries with externalisation
problems but paid in local currency and the exporter has obtained
necessary approval from Reserve Bank of India.
|
|
|
|||||
|
c.
For each complete set of export documents sent by the exporter directly to
overseas buyer in terms of extant FEMA guidelines, while disposing of the
relative GR forms |
Per
bill. |
700.00 |
87.00 |
787.00 |
|||
|
d.
Additional charge where proceeds of bills are received through a bank
other than the collecting bank at the instance of exporter/overseas buyer.
|
|
0.15% Min 600.00 |
0.0185% Min
74.00 |
0.1685% Min
674.00 |
|||
|
3.Certificates Issuance
of certificates/attestation in respect of export transactions. |
per certificate |
250.00 |
31.00 |
281.00 |
|||
|
4.
Registration of export contracts |
per
registration per
amendment |
700.00 400.00 |
87.00 49.00 |
787.00 449.00 |
|||
|
5. Processing fee for advance against Govt.
sponsored incentive scheme |
|
0.50% Min. 500.00 Max 25000/- |
0.0618% Min 62.00 Max 3090/- |
0.5618% Min 562/- Max 28090/- |
|||
|
6. Export Letter
of Credit a.
Advising letter of credit (recording, scrutinising, authenticating, and
verification). |
per
L/C |
1500.00 |
185.00 |
1685.00 |
|||
|
b)
Advising amendments |
per
amendment |
600.00 |
74.00 |
674.00 |
|||
c) Confirmation
Charges
|
|
|
|
|
|
||
|
I.
Isuance
charge : II.
Usance Charge : |
|
All-in-one
rates applicable as quoted for import Letters of Credit, below in Import
Related Transactions section. for
all customers Plus
processing fee for adding confirmation |
600.00 1500.00 |
74.00 185.00 |
674.00 1685.00 |
||
|
d.
Transfer of letter of credit |
for
each advice of transfer |
700.00 |
87.00 |
787.00 |
|||
|
e.
Acceptance commission for accepting usance drafts to be drawn on and
accepted by banks in India |
per
quarter and part thereof |
0.1750% Min 1500.00 |
0.0216% Min 185.00 |
0.1966% Min 1685.00 |
|||
b). IMPORT RELATED
TRANSACTIONS
|
IMPORT LETTER OF CREDIT ISSUANCE RATES |
|
|
|
|
|
|
I. Issuance charges |
SIGHT IMPORT LETTER OF
CREDIT Issuance Charges:
1.5730%p.a. of LC Value* (upto 10 day’s sight only) *Charges for LCs Upto Rs.5
crs = Normal Rate: *Charges for LCs Rs. 5 crs
up to Rs.10 crs =50% of normal rate. *Charges for LCs above Rs.
10 crs = 25% of normal rate. Minimum one quarter charges to be recovered for
all customers but not less than Rs.674/- in any case. |
1.40% 600.00 |
0.1730% 74.00 |
1.5730% 674.00 |
|
|
II.
Usance
charges Note Erstwhile “Commitment”
charges now termed as ‘Issuance’ charges |
USANCE IMPORT LETTER OF
CREDIT Usance Charges: 1.2135% p.a
of LC Value* Plus Normal Sight LC Issuance Charges to be recovered. *Charges for LCs upto Rs.5
crs = Normal Rate; *Charges for LCs Rs. 5 crs
upto Rs. 10 crs = 50% of normal rate; *Charges for LCs above Rs.
10 crs = 25% of normal rate. Minimum one quarter charges to be recovered for
all customers but not less than Rs.674/- in any case |
1.08% 600.00 |
0.1335% 74.00 |
1.2135% 674.00 |
|
|
1.
Amendments
to LC a)
Extension of validity of LC
within the period for which commitment charges has been collected. |
for
each advice of amendment |
700.00 |
87.00 |
787.00 |
|
|
b)
Where extension of validity of credit goes beyond the period for which
commitment charge has been collected. |
Commitment
charges as applicable to establishment of LCs, minimum Rs.674/- |
600.00 |
74.00 |
674.00 |
|
|
c)
Enhancement of value of credit |
Usance
and commitment charges as applicable
to establishment of LC |
|
|
|
|
|
d)
Amendment extending the tenor of the Bill of Exchange |
Usance
charges @0.1011% per month or part thereof |
0.09% |
0.0111% |
0.1011% |
|
|
e)
Amendment other than extension of validity or enhancement of tenor of the
Bill of Exchange (including deferred payment LCs/Guarantees) |
for
all customers |
700.00 |
87.00 |
787.00 |
|
|
f)
For revival of expired L/Cs within 3 months from date of expiry |
Commitment
and usance charges from the date of expiry to the validity date of revived
LC |
|
|
|
|
|
3.
Countersigning bills of exchange drawn on importers under LCs |
per month ; Min 0.25% for the tenor of the bill in addition
to commitment & Usance charges. |
0.1% |
0.0124% |
0.1124% |
|
4.
Revolving Letters of Credit
|
|
|
|
|
|
a, Issuance
Charges
|
All-In-One rates for opening
of Import Letters of Credit SIGHT IMPORT LETTER OF
CREDIT Issuance Charges: 1.40% p.a.
of LC Value* (upto 10 days’ sight only) + serv tax *Charges for LCs Upto Rs.5
crs = Normal Rate *Charges for LCs Rs. 5 crs
upto Rs. 10 crs = 50% of normal rate; *Charges for LCs Above Rs.10
crs = 25% of normal rate. Minimum One Quarter charges
to be recovered for all customers but not less than Rs.600/- + serv tax in
any case |
1.40% Min 600.00 |
0.1730% Min 74.00 |
1.5730% p.a Min 674.00 |
|
b. Usance
charge as per tenor of bill on the maximum amount of drawings permitted at
one time.
Note Erstwhile
‘Commitment’ charges now termed
as ‘Issuance’ charge |
USANCE IMPORT LETTER OF
CREDIT Normal Sight LC Issuance
Charges Plus Usance Charges: 1.08% p.a. + serv. Tax of LC Value* to be
recovered *Charges for LCs upto Rs. 5
crs = Normal rate; *Charges for LCs Rs. 5crs
upto Rs. 10 crs = 50% of normal rate; *Charges for LCs Above Rs.
10 crs = 25% of normal rate. Minimum One Quarter charges to be recovered for
all customers bus not less th an Rs.600/- + serv tax in
any case |
1.08% Min 600.00 |
0.1335% Min 74.00 |
1.2135% p.a Min. 674/- |
|
|
5.
For establishing L/Cs/ Guarantees on deferred payment terms covering
import of goods. # Commission
on the balance outstanding at the beginning of each quarter. |
|
|
|
||||
|
|
Up to Rs. 5 cr. |
Rs. 5-10 cr. |
Above Rs. 10 cr |
|
|||
|
SB1/SBTL1 SB2/SBTL2 SB3/SBTL3 SB4/SBTL4 b) Against GOI counter guarantee or 100% cash deposit |
0.6742% Bank Chgs: 0.60% Ser. Tax: 0.0742%
- do – -
do – -
do – 0.1011%****** Bank Chgs: 0.09% Ser. Tax: 0.0111% |
0.3371% Bank Chgs: 0.30% Ser. Tax: 0.0371% - do – -
do – 0.5618% Bank Chgs: 0.50% Ser. Tax: 0.0618% 0.0843%
Bank Chgs: 0.075% Ser Tax: 0.0093% |
0.1685% Bank Chg: 0.15% Ser. Tax: 0.0185% 0.1966%
Bank Chg: 0.175% Serv. Tax:
0.0216% - do – 0.2809%
Bank Chg: 0.25% Ser. Tax: 0.0309% 0.0843%
Bank Chgs: 0.075% Ser Tax: 0.0093% |
0.6742% (Bank charges
0.60%, Ser. Tax 0.0742) per quarter or part thereof for all customers
rated below SB4/SBTL4 # These charges are
normally determined by consortium of banks. Rates decided by the
consortium shall apply. However a floor rate of 50% of the normal charges
will have to be recovered. |
|||
|
6. Amendments a) Extending validity period within 3 months (for which commission has already been collected). |
|
600.00 |
74.00 |
674.00 |
|
b) Extending validity beyond 3 months period |
Additional
commission at 0.60%+ serv tax, per quarter or part thereof |
0.60% |
0.0742% |
0.6742% |
|
7.
Commission on import bill (under LCs) a.
Foreign
currency bills at the time of crystallization or retirement, whichever is
earlier. b.
Charges
on account of discrepant documents c.
Import
bills received under Letter of Credit on which no exchange benefit accrues
to opening bank. d.(i)
Rupee bills at the time of
retirement (ii) If Bills are not retired within 10 days from
date of receipt of bills in case of demand bills and on the due date in
case of usance bills |
From
the outside party. Discrepancy charges should be stipulated at the
time of opening LC Addl. charges |
0.125% Min. 500.00 USD 50.00 0.30% Min. 1000.00 0.30% Min. 1000.00 0.125% |
0.0155% Min. 62.00 USD 6.00 0.0371% Min. 124.00 0.0371% Min. 124.00 0.0155% |
0.1405% Min. 562/- US$56/- 0.3371% Min. 1124/- 0.3371% Min. 1124/- 0.1405% |
|
8.
Commission on import bills (not under LC) a)
Where exchange margin is earned on foreign currency bills |
|
0.30% Min.
1000/- Max. 20000.00 |
0.0371% Min
124.00 Max 2472.00 |
0.3371% Min. 1124/- Max.
22,472/- |
|
b)
On each bill drawn in rupees and on each bill drawn in foreign currency
on which no exchange margin accrues |
|
0.35% Min Rs.1000/- (Max. Rs.
20000/-) |
0.0433% Min.
124.00 Max 2472/- |
0.3933% Min.
1124/- Max. 22472/- |
|
c)
On bills/documents covering project imports under inter-governmental aid
scheme (including those financed by international agencies like World
Bank, IMF, ADB etc) where no letters of credit are opened |
|
0.075% Min. 600.00 Max. 20000/- |
0.0093% Min.
74.00 Max. 2472/- |
0.0843% Min. 674/- Max. 22472/- |
|
d)
In case of documents received by importers directly from overseas
exporters. |
for
all customers |
2500.00 |
309.00 |
2809/- |
|
for
non-customers |
3500.00 |
433.00 |
3933/- |
|
|
9.
If the overseas remitting bank or the exporter abroad requests proceeds of
collection bills to be remitted in a currency other than the currency of
the bill |
Addl. Commission |
0.175% |
0.0216% |
0.1966% |
|
10.
Parcels |
In all cases per transaction. |
600.00 |
74.00 |
674/- |
|
III.
INWARD
REMITTANCES 1.Type
of Transaction a)
Encashment of TTs & purchase of MTs/DDs in respect of which cover has
been received in Nostro accounts |
Apply current T.T Buying
Rate, no exchange margin or interest to be charged. |
N.A |
|
|
|
b
) Encashment of TTs & purchase of MTs/DDs where reimbursement is to be
obtained in cover by drawing demand drafts or correspondent banks |
Apply
current T .T. Buying Rate plus exchange margin @ 0.125% + interest @ 15%
for a minimum period of 10 days. |
0.125% |
0.0155% |
0.1405% |
|
c
) Encashment of customer’s personal cheques, demand drafts,
international money orders, banker’s pay orders, payable abroad |
Apply
current T.T. Buying Rate plus exchange margin @ 0.125% + interest @ 15%
for a min. period of 10 days + Rs.100/- |
0.125% |
0.0155% |
0.1405% |
|
d
) Rupee drafts issued by correspondent banks (i)
Drawn
of the branch where correspondent Bank Rupee Account is maintained. (ii)
Drawn
on branch, under special arrangement, where correspondent Bank Rupee
Account is not maintained |
Free
of charge Free
of charge |
N.A N.A |
|
|
|
2.
Clean
Payments a)
Effected under instructions
from foreign correspondents Stop
Payment |
Payment
against Draft |
100.00 |
12.00 |
112/- |
||
|
Payment
against TT |
150.00 |
19.00 |
169/- |
|||
|
Stop
Payment |
100.00 |
12.00 |
112/- |
|||
|
b)
Where the inward remittance has to be paid in foreign currency by way of a
demand draft/mail transfer/payment order/telegraphic transfer. |
per
transaction |
600.00 |
74.00 |
674.00 |
||
|
3.
Certificates a)
For issuing bank certificates on security paper in respect of clean
remittances from abroad and/ or for encashment of foreign currency
travelers cheques/foreign currency notes |
per certificate |
100.00 |
12.00 |
112.00 |
||
|
b)
Issue of certificates on Bank’s letter head (where Rupee value of inward
remittance does not exceed Rs.5000/-) |
per certificate |
100.00 |
12.00 |
112.00 |
||
|
IV
OUTWARD REMITTANCES a)
i.
On all foreign currency outward remittances not being proceeds of import
bills ii. issue of duplicate foreign currency draft |
Individual For
other Rs.674/- per remittance plus actual out of pocket expenses i.e.
postage, courier & telegram charges. Individuals -Rs.112/- plus actual out of pocket
expenses. Others – Rs.337/- plus out
of pocket expenses |
100.00 600.00 100.00 300.00 |
12.00 74.00 12.00 37.00 |
112.00 674.00 112.00 337.00 |
||
|
b)
Rupee remittances |
Individuals- Others
– |
0.125% Min. 125.00 0.30% Min. 600 |
0.0155% Min. 15.00 0.0371% Min. 74.00 |
0.1405% Min. 140/- 0.3371% Min. 674/- |
||
|
c)
Outward remittances from FCNRB A/cs, NRE A/cs |
Free of charge |
|
||||
|
V.CLEAN
INSTRUMENTS FOR COLLECTION Clean
instruments sent abroad for collection |
Individuals
Others
|
0.30% Min 300.00 0.30% Min 600.00 Max. 25000/- |
0.0371% Min 37.00 0.0371% Min 74.00 Max. 3090/- |
0.3371% Min 337/- 0.3371% Min 674/- Max 28090/- |
||
|
Obtaining Opinion
report for exporter/importer (both) Providing opinion
reports to foreign banks, on our customers |
Actual
paid to outside agencies plus out of pocket expenses. Per
opinion to be recovered from foreign bank. |
USD
100 |
USD
12 |
USD
112 |
||
|
VI.MERCHANTING
TRADE (If
foreign currency remittances are received in advance by the exporter from
the overseas buyer and the funds are held in nostro account at the
specific request of the exporter). a)
|
No charge specified |
|
N.A. |
|
Commission
b)
On
import bills received under back to back LC c)
On
export bills drawn by merchant
exporters |
|
0.225% 0.225% |
0.0278% 0.0278% |
0.2528% 0.2528% |
|
VII.
FORWARD CONTRACTS a)
For
booking sales and purchase contracts b)
For
each request for early delivery, extension or cancellation |
per
contract Rs.787/-
plus swap cost and cancellation charges wherever applicable |
700.00 700.00 |
87.00 87.00 |
787/- 787/- |
|
VIII.
FOREIGN CURRENCY TRAVELLERS CHEQUES 1.Sale
of foreign currency traveler's cheques |
|
|
|
|
|
a)
Commission
on Rupee equivalent value of traveler's cheques sold to Indian residents b)
Commission
on foreign currency traveler's cheques issued against foreign currency
remittance at the request of the beneficiary. |
|
1.00% 0.25% |
0.1236% 0.0309% |
1.1236% 0.2809% |
|
IX.
GUARANTEES 1.
Guarantees
favouring Shipping Cos/Agencies pending production of Bill of lading a)
LCs
opened by us b)
Other
Guarantees |
0.3371%
for 3 months plus 0.1685%
for each Additional month |
700.00 0.30% 0.150% |
87.00 0.0371% 0.0185% |
787/- 0.3371% 0.1685% |
||
|
2.
Guarantees
for Project Exports |
|
|||||
|
a)
ECGC
Cover i) 75%
ii) 90% |
0.5618%
p.a + ECGC premia 0.4494%
p.a + ECGC Premia |
0.50% 0.40% |
0.0618% 0.0494% |
0.5618% 0.4494% |
||
|
b)
100%
GOI Counter Guarantees |
per month |
0.045% Min 0.150% |
0.0056% Min 0.0185% |
0.0506% Min 0.1685% |
||
|
c)
100%
Cash Deposits to the extent of Bank liability |
per month |
0.030% Min 0.125% |
0.00371% Min 0.0155% |
0.03371% Min 0.1405% |
||
|
d)
Other
Guarantees (not
covered by a/b/c above) |
Per annum |
1.15% |
0.1421% |
1.2921% |
||
|
3.
Other Export Performance G’tees, Bid Bonds etc(other than for Project
Export). & those for
Deemed Export |
per month |
0.10% Min 0.30% |
0.0124% Min 0.0371% |
0.1124% Min 0.3371% |
|
4.
All Other guarantees |
per month |
0.175% Min 0.30% |
0.0216% Min 0.0371% |
0.1966% Min 0.3371% |
|
5.
Guarantees issued on behalf of overseas banks/parties (where charges are
payable by overseas banks/parties) |
per month |
0.175% Min 0.30% |
0.0216% Min 0.0371% |
0.1966% Min 0.3371% |
These charges are applicable on guarantee up to Rs.
5.00 crore. Guarantee for amount of more than Rs.5.00 crore
attract lower charges as per table given below:
|
NATURE
OF GUARANTEE |
Details
of charges to be levied on the portion of amount exceeding Rs. 5 Crore |
|||
|
|
Category Of Customers |
|||
|
|
SB1 |
SB2 |
SB3 |
SB4
& Below |
|
1.Guarantees
Favouring Shipping Companies/ Agencies pending production of B/L |
|
|
|
|
|
a)
L/C opened by us |
Rs.281 Bank
Chgs Rs.
250.00 Ser.
Tax Rs. 31.00 |
Rs.281 Bank
Chgs Rs.
250.00 Ser.
Tax Rs. 31.00 |
Rs.562 Bank
Chgs: Rs.
500.00 Sr.
Tax Rs.62.00 |
Rs.562 Bank
Chgs: Rs.
500.00 Sr.
Tax Rs.62.00 |
|
b)
Other Guarantees |
0.2247% for 3 months + 0.1124% for each additional month Bank
Chgs: 0.200% Ser. Tax: 0.0247% Plus For
each additional month
- Bank Chgs: 0.10% Ser. Tax 0.0124% |
0.2247% for 3 months + 0.1348% for each additional month Bank
Chg: 0.200% Ser. Tax : 0.0247% Plus For each
additional month - Bank Chg: 0.120% Ser.
Tax 0.0148% |
0.2809% for 3 months + 0.1348% for each additional month. Bank
chg:0.250%. Ser. Tax 0.0309% Plus For each additional month. Bank Chgs: 0.12% Ser. Tax .0148% |
0.2809% for 3 months + 0.1685% for each additional month Bank
Chgs:0.250%. Sr. Tax 0.0309% Plus For each additional month Bank
Chgs 0.15% Ser.Tax 0.0185% |
|
2.Guarantees
for Project Exports |
|
|
|
|
|
a)
ECGC cover |
|
|
|
|
|
i) 75% |
0.3371% p.a.+ ECGC premia Bank Chgs: 0.30% Ser. Tax: 0.0371% |
0.3933% p.a. + ECGC premia Bank Chgs 0.350% Ser. Tax 0.0433% |
0.4494% p.a +ECGC premia Bank Chgs 0.40% Ser. Tax 0.0494% |
0.5056% p.a. + ECGC premia Bank Chgs 0.45% Ser. Tax 0.0556% |
|
ii) 90% |
0.2809% p.a. + ECGC premia Bank Chgs 0.250% Ser Tax 0.0309% |
0.2809% p.a. + ECGC premia Bank Chgs 0.250% Ser Tax 0.0309% |
0.3371% p.a.+ ECGC premia Bank Chgs: 0.30% Ser. Tax: 0.0371% |
0.3933% p.a. + ECGC premia Bank Chgs 0.35% Ser. Tax 0.0433% |
|
b)
100% GOI Counter Guarantee |
0.3371% p.a.+ ECGC premia Bank Chgs: 0.30% Ser. Tax: 0.0371% |
0.3371% p.a.+ ECGC premia Bank Chgs: 0.30% Ser. Tax: 0.0371% |
0.3371% p.a.+ ECGC premia Bank Chgs: 0.30% Ser. Tax: 0.0371% |
0.3371% p.a.+ ECGC premia Bank Chgs: 0.30% Ser. Tax: 0.0371% |
|
c)
100% Cash Deposits |
0.2809% p.a. + ECGC premia Bank Chgs 0.250% Ser Tax 0.0309% |
0.2809% p.a. + ECGC premia Bank Chgs 0.250% Ser Tax 0.0309% |
0.2809% p.a. + ECGC premia Bank Chgs 0.25% Ser Tax 0.0309% |
0.2809% p.a. + ECGC premia Bank Chgs 0.25% Ser Tax 0.0309% |
|
d)
Other Guarantees (not
covered by a/b/c/ above) |
0.8427% p.a Bank Chgs: 0.75% Ser Tax 0.0927% |
0.8989% p.a Bank Chgs: 0.80% Ser Tax 0.0989% |
1.0112% p.a Bank Chgs: 0.900% Ser Tax 0.1112% |
1.1236% p.a. Bank
Chgs: 1.00% Ser Tax 0.1236% |
|
3.
Other
Export Performance Guarantees,
Bid Bonds etc. and those for Deemed Exports |
0.073% per month Min 0.2809% Bank
Chgs: .065% Ser. Tax 0.0080% Min Bank Chgs: 0.25% Ser. Tax: 0.0309% |
0.0787% per month Min 0.2809% Bank Chg:
0.070% Ser. Tax: 0.0087% Min Bank Chgs: 0.25% Ser. Tax: 0.0309% |
0.0899% per month Min 0.2809% Bank Chgs; 0.08% Ser. Tax 0.0099% Min Bank Chgs: 0.25% Ser. Tax: 0.0309% |
0.0955% per month Min 0.2809% Bank Chgs: 0.085% Ser. Tax: 0.0105% Min Bank Chgs: 0.25% Ser. Tax: 0.0309% |
|
4.
All
Other Guarantees |
0.1011% per month Min 0.2809% Bank Chgs: 0.09% Ser. Tax: 0.0111% Min Bank Chgs: 0.25% Ser. Tax: 0.0309% |
0.1124% per month Min 0.2809% Bank Chgs: 0.10% Ser. Tax: 0.0124% Min Bank Chgs: 0.25% Ser. Tax: 0.0309% |
0.1348% per month Min 0.2809% Bank Chgs: 0.12% Ser. Tax: 0.0148% Min Bank Chgs: 0.25% Ser. Tax: 0.0309% |
0.1685% per month Min 0.2809% Bank Chgs: 0.15% Ser. Tax: 0.0185% Min Bank Chgs: 0.25% Ser. Tax: 0.0309% |
|
Miscellaneous |
Existing |
Proposed |
|
X.
Out of Pocket Expenses such as TELEX/CABLE/Correspondent Bank’s Charges |
Actuals
to be recovered |
No
change proposed |
|
XI.
Stamp Duty |
As
per charges prescribed by GOI |
No
Change proposed |
XII. ISSUANCE OF RATE
CERTIFICATES
|
Period |
Non-
Customers |
Customers |
Discretion |
|
Upto
past 12 months |
Rs. 281.00 for a block of 4 different currency
rates or part thereof. Bank Chgs: Rs. 250.00 Ser. Tax: Rs. 31.00 |
50% charges of what is applicable to
non-customers |
Branch Managers of AGM/Sc IV incumbency branches
and AGM at controlling office in case of other branches will have
discretion to grant waiver up
to 100% to customers on client-specific business considerations. |
|
More
than 12 months up to 60 months |
Rs.562.00 for a block of 4 different currency
rates or part thereof. Bank Chgs: Rs. 500.00 Ser. Tax: Rs. 62.00 |
-do- |
-do- |
|
More
than 60 months |
Rs. 1124.00 for a block of 4 different currency
rates or part thereof. Bank Chgs: Rs. 1000.00 Ser. Tax: Rs. 124.00 |
-do |
-do- |
XIII. Letter of Comfort (LoC)
issued for purpose of Buyers Credit
|
|
|
Base
Rate (A) |
Serv.
Tax (B) |
Card
Rate (
C) = A+B |
|
Backed
by 100% discharge of liability (viz., cash margin, sanctioned Term Loan,
Guarantee of First Class Bank, 100% lien on Drawing Power |
Minimum
charge for 3 months should be recovered |
0.6875%p.a |
0.0850% |
0.7725%
p.a |
|
Others |
-do- |
2.75% p.a |
0.3399% |
3.0899%
p.a. |