REVISED SERVICE CHARGES FOR FOREIGN EXCHANGE RELATED TRANSACTIONS wef S.No Services Charges. 1 Import Letter of Credit

Transcription

1 REVISED SERVIE HRGES FOR FOREIGN EXHNGE RELTED TRNSTIONS wef Import Letter of redit Opening of Sight Letter of redit Minimum harges = + = Rs 1000/- plus Swift harges. ommitment charges 0.185% per quarter on the L amount. (If the period of the L is part thereof then charges for full quarter should be recovered.). PLUS Usance charges for bills upto 10 days sight 0.185% of the L amount flat. Opening of Usance Letter of redit Minimum harges = + or (iii) = Rs 1000/- plus Swift harges. ommitment charges 0.185% per quarter on the L amount. (If the period of the L is part thereof then charges for full quarter should be recovered.). PLUS Usance charges for bills over 10 days and upto 3 months 0.20% of the L amount flat. (iii) Usance charges for bills over 3 months 0.36% flat for first 3 months plus 0.15% per month for period over 3 months of the L amount (if the usance period is less than a month then charges for a minimum period of 30 days should be recovered). Opening of Revolving Letter of redit ommitment charges and Usance charges mentioned under & above should be recovered on the amount and period by which the L gets reinstated every time it revolves. D Swift charges Rs 750/- (1) For issuance of FL (both sight and usance) against 110% cash margin, a flat charge of Rs (including swift charges) will be applicable. (2) For issuance of individual FL of above Rs 5 rores, 50% of above mentioned charges will be applicable with a minimum of Rs plus Swift charges. (3) If the sanction specifies concessionary rates the same would be applicable.

2 REVISED SERVIE HRGES FOR FOREIGN EXHNGE RELTED TRNSTIONS wef E mendment of FL Minimum harges Rs 750/- plus Swift harges of Rs in all cases. ny amendment including extension of validity of L within the period for which commitment charges Rs 750/- have already been collected. Extension of validity of L beyond the period for which commitment charge has been collected ommitment charges as applicable for opening of L to be recovered for the additional period subject to minimum charge of Rs.500/- plus amendment charges of Rs 750/- (iii) Enhancement of value of L ommitment and usance charges as applicable for opening of L to be recovered for the additional value subject to minimum charges of Rs.500/- plus amendment charges of Rs 750/- (iv) mendment in extending the tenor of the bill of exchange. Normal usance charges plus additional usance charges at 0.18% per month or part thereof. (v) Swift charges Rs 500/- F Issuance of Delivery Order pending receipt of import bill Rs 1000/- 2 Import ills Foreign currency bill under L Minimum harges Rs 1000/- Retirement of bill under L Rs. 1000/- per bill flat rystallisation of bill under L 0.30% plus 0.10% to be recovered subject to minimum of Rs 1000/- (iii) Import bill on which no exchange benefit accrues to L issuing bank 0.30% with a minimum charge of Rs. 500/- plus 0.125% in lieu of exchange. (iv) Discrepancy charges* USD 25/- or equivalent currency with a minimum of Rs.1000/- per bill. (v) Swift charges Rs 500/- *Discrepancy charges will be recovered before remitting the import proceeds to beneficiary s bank/negotiating bank.

3 REVISED SERVIE HRGES FOR FOREIGN EXHNGE RELTED TRNSTIONS wef Rupee bill under L Minimum harges Rs 500/- plus ourier harges Rs.1000/- Retirement of bill under L 0.30% with a minimum of Rs.1000/- plus 0.125% in lieu of exchange. Devolvement of bill under L 0.30% plus 0.10% to be recovered subject to minimum of Rs 1000/- plus 0.125% in lieu of exchange. (iii) Discrepancy charges* Rs 1000/- per bill. (iv) ourier charges Rs 1000/- *Discrepancy charges will be recovered before remitting the import proceeds to beneficiary s bank/negotiating bank. Import bill received for collection/global Incollect Minimum harges Rs 1000/- including Swift/ourier charges. ollection bill where exchange margin is earned Rs 1000/- per bill. ollection bill drawn in Rupees as well as in foreign currency on which no exchange margin is earned Rs 1000/- plus 0.125% in lieu of exchange. D Import bill received by importer directly from overseas exporter (Direct Import ill) Minimum harges Rs 1000/- including Swift/ourier charges. ollection charges Rs. 1000/- per bill flat E dvance remittance against imports Rs 1000/- per remittance including Swift charges. F Handling charges for dishonour/return of import bill unpaid Rs 1000/- per bill plus other bank charges, if any. G Follow up for non-submission of ill of Entry within the stipulated period, for bills reported in EF (will be recovered within 15 days from reporting in EF): Rs 500/- per ill

4 REVISED SERVIE HRGES FOR FOREIGN EXHNGE RELTED TRNSTIONS wef Export Letter of redit dvising of L to ank s customers dvising export letter of credit Rs 1500/- Per mendment Rs 750/- dvising of L to Non-bank customers dvising export letter of credit Rs 1800/- Per mendment Rs 1000/- Transfer of Export Letter of redit Rs 1000/- D dding onfirmation to Export Letter of redit 1% subject to minimum charges of Rs 1500/- 4 Export ills Purchase/Negotiation/Discount charges Minimum harges Rs 1500/- plus courier charges of Rs.1000/- For each foreign currency export bill including ER bill 0.015% with a minimum of Rs.1500/- plus applicable interest/discount. For each rupee export bill, foreign currency bill where proceeds are credited in EEF account or received in rupees through other banks, for forwarding export bill to another bank where no collection commission or exchange accrues to the bank 0.015% with a minimum of Rs.1500/- plus 0.125% in lieu of exchange and applicable interest/discount. (iii) ourier charges Rs 1000/- dvance against export bill sent on collection For each foreign currency export bill % subject to a minimum of Rs 1000/- plus applicable interest and maximum of Rs 5000/- per bill. For each rupee export bill % subject to a minimum of Rs 1000/- plus 0.125% in lieu of exchange plus applicable interest and maximum of Rs 5000/- per bill. rystallisation of foreign currency export bill Rs 1000/- per bill.

5 REVISED SERVIE HRGES FOR FOREIGN EXHNGE RELTED TRNSTIONS wef D Handling charges for export bill sent on collection Minimum harges Rs 1000/- including Swift/ourier charges. oth foreign currency and rupee export bill/global Outcollect Rs 1000/- per bill. Export proceeds received in Rupees from other banks Rs plus 0.125% in lieu of exchange per bill. E Handling of export bill against advance remittance received Rs 1000/- per bill. F Set-off of export receivables against import payables 0.125% of the set off value, min Rs 1000, max Rs 5000 G Reimbursement claim Rs 500/-per claim plus Swift charges of Rs. 250/- H SWIFT Tracer Rs 250/- per tracer. I Unrealized export bills reported in XOS (to be recovered within 15 days from reporting in XOS): Rs 500/- per ill J pproval for extension of due date for realisation of export bill by ank/ri Rs 250/- per extension per bill. K Handling charges for dishonour/return of export bill unpaid Rs 500/- per bill plus other bank charges, if any. L pproval for writing off of export bill Rs 1000/- per request. M GR approvals for bills directly despatched by drawers Rs 300/- per bill. N Issuance of GR waiver certificate Rs 1000/- per certificate. O ank Realisation certificate Rs 150/- per certificate. 5 Outward Remittance Non-import remittance in foreign currency/global Outremit Rs 1000/- per remittance including Swift charges. Outward Remittance for Overseas Direct Investment in JV/WOS (ODI) Rs 1500/- per remittance including swift charges Outward remittance from FNR()/NRE accounts Rs 100/-

6 REVISED SERVIE HRGES FOR FOREIGN EXHNGE RELTED TRNSTIONS wef Inward Remittance Foreign urrency remittance including advance remittance against exports Rs 200/- per remittance. Inward Remittance for External ommercial orrowing (E)/Foreign Direct Investment (FDI) 0.125% of the remittance amount with a minimum charge of Rs 500/- and maximum charge of Rs 5000/- per remittance plus 0.125% if remittance is in INR. (Single charge = Item ) Foreign Inward Remittance ertificate (FIR) Rs 100/- per certificate. 7 Foreign ank Guarantee Foreign ank Guarantee in foreign currency or in INR Issuance charges (Performance & Financial) 2.50% p.a. subject to a minimum of Rs.1000/- plus Swift charges as applicable/ actual courier charges. mendment- Enhancement/Extension charges mendment charges of Rs 500/- plus applicable commission for the extended period/enhanced amount. (iii) Swift charges Rs 500/- Global Guarantee Scheme Issuance of local guarantee against the counterguarantee received through SWIFT from a Foreign ank abroad 2% flat, subject to minimum charge of Rs 1000/- (1) For issuance of all ank Guarantees, commission will be recovered on the basis of actual quarters in which the validity of guarantee including claim period expires. (2) For issuance of guarantees on 110% cash margin basis, 50% of above mentioned charges will be applicable. (3) For issuance of individual guarantee of Rs 5 rores & above, 50% of above mentioned charges will be applicable. (4) If the sanction stipulates concessionary rate the same would be applicable. 8 uyer s redit uyers' redit against 100% ash Margin rrangement of uyers' redit, Issuance of a Guarantee/LOU/LO, Payment to Supplier, Receipt of funding in Nostro Rs 2500/- per import transaction. Repayment of uyers' redit amount on maturity with interest and charges Swift Rs 250/- flat plus Forex margin of minimum 10 paisa per FY or as approved by Treasury Department for uyers redit transactions of the importer

7 REVISED SERVIE HRGES FOR FOREIGN EXHNGE RELTED TRNSTIONS wef uyers' redit against existing F/NF limits rrangement of uyers' redit, Issuance of a Guarantee/LOU/LO, Payment to Supplier, Receipt of funding in Nostro 2.50% p.a. subject to a minimum of Rs.1000/- or as per existing sanction terms for importer plus Swift charges as applicable/ actual courier charges. Repayment of uyers' redit amount on maturity with interest and charges Swift Rs 250/- flat plus Forex margin of minimum 10 paisa per FY or as approved by Treasury Department for uyers redit transactions of the importer uyers' redit related Import ill Import bill under L on which no exchange benefit accrues to L issuing bank 0.30% with a minimum charge of Rs. 500/- or as per existing sanction terms for importer plus 0.125% in lieu of exchange. Import ollection bill drawn in foreign currency on which no exchange margin is earned Rs 1000/- plus 0.125% in lieu of exchange. 9 Forward ontract Purchase and Sale ontracts ooking per contract Rs 1000/- flat. Early delivery & ancellation Rs 1000/- plus swap cost 10 ollection of Foreign urrency heque and Demand Draft ollection charges 0.25%, subject to minimum charge of Rs 100/- Return charges Rs 100/- Postage charges Rs 50/- D ollection charges for cheques sent under Final redit Service (FS) of Wachovia ank heque/dd mount USD 50 to USD 5000 USD 6.00 per cheque USD 5001 to USD USD 8.00 per cheque (iii) USD to USD USD per cheque 11 Foreign urrency Demand Draft (FDD) Issuance charges 0.30%, subject to minimum charge of Rs. 200/- per FDD. Issuance of duplicate drafts Rs 250/- per FDD ancellation/stop Payment/hange of FDD number Rs 250/- per FDD

8 REVISED SERVIE HRGES FOR FOREIGN EXHNGE RELTED TRNSTIONS wef Foreign urrency Notes Sale Rs 100/- Encashment Rs 100/- (iii) Encashment ertificate Rs 100/- 13 Foreign urrency Travellers heques Sale 1% of INR value. Encashment Rs 100/- (iii) Encashment ertificate Rs 100/- 14 Miscellaneous charges For processing sanction under utomatic/pproval Route for External ommercial orrowing (E/F) / Foreign Direct Investment (FDI) 0.125% of the remittance amount with a minimum charge of Rs 500/- and maximum charge of Rs 5000/- per remittance plus 0.125% if remittance is in INR. (Single charge = Item ) For processing applications for Project Exports by ank/ RI Flat Rs 25000/- per application. Overseas Direct Investment (ODI) for JV/WOS transactions Handling charge of Rs 5000/- per JV/WOS for processing the request and forwarding to RI. D Handling of currency exports/currency imports 0.01%, minimum Rs 2500/-, maximum Rs 5000/- E F For processing any other application to RI (other than, or above) For issuance of No Objection ertificate (NO) in respect of capital account transactions/xis ank's name on SDF Form etc Rs 500/- per application. Rs 1000/- per NO G For issuance of any other certificate/ attestation of export/ import transactions Rs 250/- per certificate. H Documentation charges for L/G/LER facilities against 100% cash margin Rs 250/- per instance. I Opinion Report from Dun & radstreet For parties situated in US & anada Rs 3000/- For parties situated in Latin merica, frica & Europe Rs 3600/- (iii) For parties in rest of the world (sia, ustralia etc.) Rs 6000/-

9 REVISED SERVIE HRGES FOR FOREIGN EXHNGE RELTED TRNSTIONS wef J SWIFT Tracer Rs 250/- per tracer. K Issuance of duplicate debit/credit advices/swift messages/fir/r etc. Rs 100/- per advice/swift message. L Enquiry related to old record more than 1 year old Rs 100/- per item M Fax charges Rs 50/- per page fax within India. Rs 250/- per page fax outside India. (1) For any forex transaction where the ank does not earn any exchange margin, an additional commission of 0.125% in lieu of exchange (LE) margin will be applicable. This will exclude LE on inward remittance to be credited to EEF account. ny outward remittance(not conversion) from EEF account will be elegible for LE. (2) ll the above charges will attract Service applicable rates as in force from time to time. (3) Stamp duty charges applicable in the respective states as per Govt. regulations from time to time will be recovered wherever applicable. (4) Out of pocket expenses in all cases and all charges of foreign correspondent banks will be recovered separately.