• Commitment Charges

 

• Usance charges

• Handling

• 0.15% per quarter or part thereof With a minimum of Rs. 500 per LC

• 0.15% of LC amount

• Rs. 100 flat

Establishing of a Usance LC

• Commitment Charges

• Usance   

• Handling

• 0.25% of LC value with a Minimum of Rs.500 per LC

• 0.15% up to 10 days

• 10 days to 3 months 0.30%

• 3 months, 0.30%for first three months +0.075% per month in excess of three months (amount includes interest amount)

• Rs. 100 flat

Collection Charges for Bills received under LC

• At the time of retirement or crystallization of the bill

• 0.15% for demand and usance bills up to 10 days.

• >10 days to 3 months 0.30%

• > 3 months 0.30% for first 3 months +0.075% per month or part there of in excess of 3 months. (Bill amount includes interest amount)

Amendments

• Not involving extension of validity or increase in value

• Rs. 250/- per amendment

• Increase only in value of LC

• Commitment and usance charges on the increase as indicated above.

• Extension in only the validity of the LC

• Usance charges for the extended period.

• Increase in LC value and extension of the validity of the LC

• Commitment and usance charges on the increase as indicated above.

• Usance charges for the extended period.

Advising of LC (Export & Inland) - original and amendments

• Flat commission of Rs.500/- for advising and Rs100 for amendment advising

Confirmation of Export LC

• Commitment

• Usance

• Minimum 0.15% per quarter or part thereof

• Up to 10 days). 15%,

Minimum 0.30% for bills beyond 10 days but less than 3 months

• Minimum 0.30%for first three months + minimum 0.075% per month in excess of three months

Transfer of LC

• Flat Rs.500 and amendment Rs.100

Acceptance charges

• 0.15% per month

Negotiation charges

Any amount

• 0.25% with a minimum of Rs.500 and maximum of Rs.2000 per bill. + interest for the transit and usance period at the applicable rate from the date of negotiation till the notional due date.

  Overdue interest will be charged at the applicable rate for the overdue period, if any.

Negotiation under reserve

• An additional charge at 0.25 % will be charged over and above the rates specified above.

Attestation of documents

• Free of charge for the first attestation.

• Rs. 10/- per document for subsequent attestations.