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1.1 |
Negotiation/discounting of export bills under LCs
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0.15% flat minimum Rs. 1000 + interest for outlay of funds
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1.2 |
Negotiation of bills under LCs through other banks in India
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0.15% flat minimum Rs. 1000 + interest for outlay of funds
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1.3 |
Indemnifying/guaranteeing discrepant documents to other banks
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0.15% min of Rs.1000/-
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1.4 |
Export collection bills presented for purchase/discount
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Flat Rs. 1000/-
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1.5 |
Export collection bills including bills against which advance has been granted and bills for which payment in full or part has been received in advance
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0.075% with a min of Rs.750/- per bill.
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1.6 |
Overdue bills (outstanding beyond 180 days from shipment) including bills negotiated, purchased, discounted, collection bills and deferred payment bills
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Rs.250/- per quarter (reckoned from the date overdue)
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1.7 |
Purchase/encashment of travelers' cheques
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Free of charge
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1.8 |
Purchase of drafts/cheques
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0.25%, min Rs 250/-, plus interest charges
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1.9 |
Reminder Swifts for collections/negotiations
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Rs. 250/-
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1.10 |
Bills Returned unpaid
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Rs.500/-
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1.11 |
Instruments for collection (cheques, drafts, international money orders inforeign currency payable abroad or in India)
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0.25% commission minimum Rs 250/- and postage
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1.12 |
Dishonored bills / instruments / return charges
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Rs.500/-
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1.13 |
Handling GR of bills directly dispatched by drawers (cases where inward has been received)
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0.075% with a minimum of 750/- per bill
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1.14 |
Reimbursement commission:
Where reimbursement under a L/C is claimed by an AD in INDIA with another AD in INDIA, Reimbursement commission shall be recovered by the reimbursing bank
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Rs.1500/-
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2.1 |
Advising of inward letters of credit / Guarantees (including inland L/Cs/Guarantees)
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a. |
Pre advising of LC / Guarantees
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Rs.500/- |
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b. |
Advising LC / Guarantees
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Rs.1000/- |
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c. |
Advising amendments
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Rs.750/- |
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d. |
Transfer of letter of credit
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Rs.1000/- for transfer of LCs and Rs 750/- for transfer of amendments |
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e. |
Cancellation of L Cs / Guarantees
- After Expiry
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Free of cost |
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- Before Expiry
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Rs.1000/- |
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3.1 |
Opening of letters of credit including revolving L/Cs
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a. |
Commitment charge + Usance Import
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1.25% p.a min of Rs. 3500/- |
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Inland
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1.25% p.a min of Rs. 3500/- |
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b. |
Establishment of L/Cs With 100% cash margin
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1% p.a. min Rs.1000/- |
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3.2 |
Reinstatement commission (for revolving L/Cs) to be recovered at the time of issuing each reinstatement advise)
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As per 3.1 plus Rs.1000/- for each reinstatement |
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3.3 |
Countersigning/ Co-acceptance of bills of exchanges guaranteeing payment on due date
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1% p.a, minimum Rs.1000/- |
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3.4 |
Amendments to L/Cs (For both Import and Inland L/Cs)
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a. |
Extension of period
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1.25 % p.a min of Rs. 1000/- |
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b. |
Enhancement of value
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1.25 % p.a min of Rs. 1000/- |
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c. |
Other amendments
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Rs.750/- |
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d. |
Revival of expired LCs
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1.25 % p.a min of Rs. 1000/- |
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e. |
Documents recd after Expiry, To be charged as per 3.4 a
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1.25 % p.a min of Rs. 1000/- |
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f. |
In case import LC allows TT reimbursement, interest from the date of payment by the bank till bill retirement date will be charged.
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a. |
Discrepancy fee per bill to be incorporated in LC
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USD 50 |
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b. |
Retirement of Import/Inland bills on collection
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0.25% min Rs. 750/- |
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c. |
Dishonored bills / return charges
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Rs.1000/- |
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d. |
Import Documents received directly by Importers
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0.15% min of Rs.750/- |
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a. |
TTs, MTs, drafts on us in respect of which cover has been received in the nostro account or cover to be obtained by drawing on remitting bank/their agents
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b. |
Where the credit is to accounts maintained with any of our branches including EEFC account
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Free |
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c. |
Where the payment is to be made to other banks Located in places where our branches are present
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DD/PO/RTGS/NEFT Charges as applicable plus Rs.750/- |
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d. |
Where the payment is to be made to other banks located in places where we do not have presence
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DD/PO/RTGS/NEFT Charges as applicable plus Rs.1000/- |
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6.1 |
On all foreign currency remittances:
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a. |
Other than for payment of imports
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0.15% minimum Rs.750/- |
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b. |
Towards advance payment for imports
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0.15% min of Rs.750/- |
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c. |
Foreign DD
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Flat Rs.500/- |
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7.1 |
Issuance of indemnity for missing B/L
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Relating to LCs opened by us or collections handled by IVBL
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Rs.1000/- |
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7.2 |
Commission on Guarantees with 100% margin
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1.2 % p.a. min Rs.1000/- |
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7.3 |
All other Guarantees (performance/ financial, SBLC etc)
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2.40 % p.a. min Rs. 1000/- |
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8.1 |
For application to RBI for extension of time for realization of export proceeds beyond prescribed period (ETX form)/Extension within the delegated
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Rs.500/- |
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8.2 |
For processing any other application to RBI
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Rs.500/- |
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8.3 |
For filing request to other banks
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Rs.500/- |
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8.4 |
Issue of delivery orders
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Rs.500/- |
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8.5 |
Issue of FIRCs / Certificates / Attestations of export / import transactions
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Rs.250/- per certificate |
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8.6 |
Stamp duty
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As applicable |
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8.7 |
Commercial information on Indian companies
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To be quoted on case by case basis |
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8.8 |
Follow up of Bill of Entry (for each half year)
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Rs.500/- |
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8.9 |
ECB file maintenance charges
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Rs.2500/- per half year |
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8.10 |
Approval for setting up wholly owned subsidiaries /JV/ branch offices abroad
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Rs.7500/- |
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8.11 |
Approval for establishing Warehouses abroad
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Rs.3000/- |
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8.12 |
Approval for export bill write off
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Rs.500/- |
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8.13 |
GR Approval letters
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Rs.500/- |
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8.14 |
Out of pocket expenses
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a. |
Postage
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Rs.100/- |
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b. |
Courier
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Rs.750/- |
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c. |
SWIFT
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Rs.500/- |
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d. |
Service tax
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As applicable |
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e. |
Tracer thru swift
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Rs.250/- |
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f. |
Charges on Handling FC GPR/FC TRS cases
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Rs.5000/- |
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g. |
Handling of files relating to establishment of Offices/branch/project offices in India
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Rs.2500/- |
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h. |
Charges on request of Retrieval of Records age wise
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- Current year
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Free of Charge |
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h(i) |
-1 year to 3 years
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Rs.250/- per record |
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h(ii) |
- Above 3 years
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Rs.500/- per record |
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h(iii) |
- Above 5 years
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Rs.750/- per record |
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h(iv) |
- Above 8 Years
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Rs.1000/- per record |
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9.0 |
EEFC Account Credits / Debits
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Nil |
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10.0 |
Merchant Trade
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Commission & charges to be applied the same as Imports and Exports |
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11.0 |
Trade Credits
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Commission & charges to be communicated on a case to case basis |
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12.1 |
Forward Contract Booking
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Rs.500/- + Service Tax
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12.2 |
Forward Contract Cancellation
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Rs.250/- + Service Tax
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12.3 |
Overdue Forward Contract Cancellation
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Rs.250/- + Service Tax & in case of Profit - No Credit is passes on to Customer.In cse of Loss - Loss will be recovered from Customer
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12.4 |
Forward Contract Franking paper charges (to be attached with forward contract confirmation)
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Rs.100/- + out of pocket expenses
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13.1 |
Negotiation/discounting of Inland bills
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Rs.750/- per Bill + interest for outlay of funds
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13.2 |
Inland collection bills (Non LC & LC)
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0.0625% with a min of Rs.750/- per bill.
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13.3 |
Bills Returned unpaid
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Rs.500/-
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13.4 |
Discrepancy fee per bill
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Rs.1,000/-
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