Service Charges For Forex

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INWARD REMITTANCES

Particulars of Charges Schedule of Charges Rs.
FIRC Charges Rs. 150/- Flat per inw. Rem.
Duplicate FIRC Charges Rs 700/-
Commission Nil

OUTWARD REMITTANCE
Particulars of Charges Schedule of Charges Rs.
For Individuals (Upto USD 10,000 or Equivalent) 0.15% Commission Minimum Rs. 250/-
For Individuals Above USD 10,000 & Other than Individuals 0.25% Commission with Minimum Rs. 500/-
SWIFT Charges Rs. 500/-

CHEQUES / DD / TT
Particulars of Charges Schedule of Charges Rs.
DD / Cheque Issuance 0.25% Commission with Minimum Rs. 250/-
SWIFT Charges Rs. 500/-
Cheques / DD sent for Collection 0.25% Commission Minimum Rs. 100/-
Courier Charges ( Chq. Sent of Collections) Rs. 50/- per Cheque
Cheque Return Charges Rs. 100/-
FCY DD Purchased Rs. 0.15% of INR Value Minimum Rs. 150/-
If Inward Remittance has to be executed in FCY by issuing DD/TT/ Payment Order Charges as per Outward Remittances + Commission in lieu of Exchange

IMPORTS COLLECTION BILLS
Particulars of Charges Schedule of Charges Rs.
Import bills for Collection (Lodgement) 0.25% Commission with Minimum Rs. 750/-
Import Bills for Collection Partial Payments (Handling Chgs) Upfront Rs. 1,000/- per instance in addition to Lodgement Commission
Advance Remittance For Import Bill 0.25% Commission with Minimum Rs. 750/-
SWIFT Charges Rs 500/-
Late Payment Comm for demand bills not retired within 10 days after
receipt of documents or on due date incase of usance bills Collection
0.15% in addition to commission
Import non LC bill on which bank earns no exchange benefit Rs. 750/-Flat + 0.10% Commission in lieu of Exchange
BEF Reminders first Reminder Rs. 100/- All Reminders Thereafter
Rs. 250/- per Reminder + Courier Charges / Postage
Delivery Order Rs. 500/- per D.O.

IMPORT LETTER OF CREDIT
Particulars of Charges Schedule of Charges Rs.
LC Issuance Charges
Commission charges - Sight 0.15 % Commission per quarter or part thereof with Minimum Rs. 500/-
Usance charges
Upto 90 days including sight 0.30% Commission with Minimum Rs. 750/-
Above 90 days 0.075% for every additional month
LC Amendment Charges
In case of extension of validity period 0.15% per quarter or part thereof with Minimum Rs.300/-
In case of enhancement in tenor (Sight/ Usance) 0.075% for every additional month with Minimum Rs.500/-
0.075% for every additional month with Minimum Rs.500/- Commitment / Usance charges for enhanced value Minimum Rs.500/-
In case of any other amendments except Above Flat Rs.500/-
Other LC Charges
Retirement of Import bills under LC 0.15% Commission with Minimum Rs. 750/-
For revival of expired LC within 3 months from the date of expiry Commitment + Usance charges from the date of expiry to the New Date of Expiry
SWIFT charges Rs.1,500/- for LC Issuance Rs.750/- for LC Amendment
LC retirement charges (Bills under LC) Covered under Import Bills
LC Cancellation charges Rs.500/- + SWIFT Chgs (No Refund of any Charges)
Discrepancy Charges USD 75 or its equivalent per document
Commission on L/C covering imports on deferred payment terms (beyond 6 months from the date of shipment) 0.50% per qtr on Full Value upto 1st due date & 0.50% per qtr on Balance Outstanding thereafter on respective due dates
Crystallisation / retirement (whichever is earlier) of Bills. 0.15% Commission + Rs. 500/- (Handling Fee)
Confirmation Charges (Issued by our Bank) As per Schedule of Advising Bank
LC Scrutiny Charges Rs. 500/- per Lodgement
Invocation Charges 0.15% Commission on Invoked Value; Minimum Rs.1,000/-
Note: In cases, where the customer does not enjoy LC limits but provides 100% margin by way of Fixed deposit. 50% of above charges, subject to minimum charges as applicable for issuance, retirement or amendment as the case may be.
SBLC / FBG
  • Issuance
  • Amendment
  • SWIFT Charges
  • 2% p.a.;
  • 2% p.a.;
  • Rs. 1,000/- for Issuance;
  • Minimum Rs. 1,000/-
  • Minimum Rs. 500/-
  • Rs. 500/- for Amendment

EXPORT LETTER OF CREDIT
Particulars of Charges Schedule of Charges Rs.
LC Advising Charges Rs. 1,000/- for Customers & Rs.2,000/- for Others
LC Amendment Advising Charges Rs. 500/- for Customers & Rs. 1,000/- for Others
Transfer of LC Rs. 500/-
Courier Charges Rs. 500/- per Instance or At Actuals whichever higher

EXPORTS
Particulars of Charges Schedule of Charges Rs.
Export bill for Collection 0.0625% Commission with Minimum Rs. 500/-
Processing charges for Purchase / discounting / negotiation per bill 0.0625% Commission with Minimum Rs. 500/-
Where the export bill is sent for negotiation to another bank in India (due to restriction in LC) Rs. 1,250/-
Export bills against which advance payment already received(GR release) 0.10% Commission with Minimum Rs. 500/-; For other bank FIRC 0.10% Additional
Overdue Export bill - Late Realisation Charges Rs. 250 per quarter or part thereof (Charged after notional due date)
Collection Bills under LC - Scrutiny Charges 0.0625% Commission (Minimum Rs. 500 & Maximum Rs.1,200) in addition to Exp. Commission
Late Submission Charges Rs. 250/- per qtr
Reimbursement charges under Export LC Bill Rs. 1,000/-
Courier & Postage charges Foreign - Rs.1,150/-; Inland - Rs.500/- Minimum or At Actuals whichever is higher
Change in Tenor/ Buyer Rs. 1,000/-
Crystallisation of FCY Export Bill Rs. 1,000/- per Bill
Bill Write - Off Rs. 1,000/- per Shipping Bill
Bills reported under XOS Rs. 250/- per quarter
EEFC Retention NIL
EEFC Encashment NIL
BRC Certificate Rs.100/- per Certificate
GR Waiver Rs. 500/-
EDI Certificate NIL

BUYERS CREDIT
Particulars of Charges Schedule of Charges Rs.
Interest Rate Linked to LIBOR + 350 bps as per extant RBI guidelines (subject to change from time to time as per directives)
Commission on LOU/ LOT/ BG 2% p.a.
Usance Charges on Buyers Credit period on Bill (Upfront) 0.075% per month
SWIFT Charges Rs. 1,000/-

COMMISSION IN LIEU OF EXCHANGE
Particulars of Charges Schedule of Charges Rs.
Where pre shipment adv is granted by the bank against LC / export order but the documents under the LC / export order are negotiated through another bank. 0.10% Commission; Minimum Rs. 500/-; Maximum Rs. 10,000/-
Where the proceeds of an export bill negotiated by the bank are paid in foreign currency to another AD 0.10% Commission; Minimum Rs. 500/-; Maximum Rs. 10,000/-
Where an export bill is sent for collection abroad by the bank but the payment is received in Rupees through another Authorised Dealer in India 0.10% Commission; Minimum Rs. 500/-; Maximum Rs. 10,000/-
Where an export bill is negotiated / purchased / sent for collection and the proceeds thereof are credited to foreign currency (EEFC) account in part of full, on the foreign currency amount credited to EEFC account. 0.10% Commission; Minimum Rs. 500/-; Maximum Rs. 10,000/-
Deemed export bills in foreign currency as defined by RBI / EXIM policy from time to time 0.10% Commission; Minimum Rs. 500/-; Maximum Rs. 10,000/-

MISCELLANEOUS CHARGES
Particulars of Charges Schedule of Charges Rs.
Forward contract booking / Cancellation / extension /early delivery of forward contract Rs. 350/- per Contract & Cancellation Rs. 250/- + SWAP Cost At Actuals
SWIFT Tracer Rs. 250/-
Enquiry related to Old record more than 1 year Rs.100/- per item
NOC for AD Code Rs. 300/- per Certificate
For Issuance of any other Certificate/ Attestation other than mentioned above Rs. 100/- per Certificate

* All commission & charges will attract service tax and cess as applicable from time to time .
* All transactions involving conversion of currency will attract Foreign Currency Conversion Tax (FCCT) & cess thereon as applicable from time to time.

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