NATIONAL DEVELOPMENT BANK PLC

Transcription

1 NATIONAL DEVELOPMENT BANK PLC TARIFF BOOKLET Revised May 2014 Product Development & Management Unit THE RATES AND CHARGES CONTAINED HEREIN ARE SUBJECT TO CHANGE

2 Contents General Information CURRENT ACCOUNTS RETAIL/ SME /CORPORATE Account Opening Debit Interest Service Charge Charges for closure of Current accounts Cheques/Continuous Leaves Stop Payment Charges Local Cheque Purchase commission Cheques Sent on Marked for Payment Cheque Returns REMITTANCES Inward Remittances Outward Remittances ADDITIONAL SERVICES Standing Orders (SO) Issuance of Tax Certificates Charges on Savings Accounts Pay Order Postage Charges Funds Transfers (manual) Sweep-In/ Out Charges... 8 P a g e 1

3 3.7 Utility Bill Payments Additional Copies of Statements/ Balance Confirmations/ Other Documents Safe Deposit Lockers Special Cash Orders Cards & Online Banking IMPORTS Issuance of Documentary credits denominated in FCY Documentary Collections Additional Services- Imports EXPORTS Documentary Credits (Including Stand by LCs) Documentary Collections Additional Services Exports BANK GUARANTEES Letters of Guarantees, Bonds Etc Guarantees Against Counter Guarantees Issuance of Guarantees PROCESSING/EARLY SETTLEMENT FEES...14 P a g e 2

4 General Information Import & Export Documents Documentary credits will be handled in terms of Uniform Customs and Practice for Documentary Credits published by International Chamber of Commerce current publication. Documentary collections will be handled in terms of Uniform rules for collections current publication. Statutory Levies Statutory levies such as Government taxes will be charged where applicable Miscellaneous Charges Additional expenses relating to transactions initiated at the request of the client such as postage, courier, telex, SWIFT, incidental expenses, other bank handling charges, etc will be charged to the client s account. Description 1. CURRENT ACCOUNTS (RETAIL /SME / CORPORATE) 1.1 Account opening Initial Deposits Corporate & SME accounts Individual accounts LKR 50,000/- LKR 25,000/- 1.2 Debit Interest Clean Excesses The prevailing OD rate will apply Charges applicable for drawings in excess of approved TOD/POD limits No intraday charges LKR 250/- P a g e 3

5 1.3 Service Charge Current account minimum average monthly balance requirement Retail & SME Accounts Corporate Accounts Balances falling below the minimum average balance requirement Retail & SME Accounts Corporate Accounts LKR 10,000/- LKR 25,000/- LKR 350/- LKR 550/- 1.4 Charges for closure of Current Accounts Voluntary closure LKR 1,000/- Bad conduct LKR 2,000/- 1.5 Cheques / Continuous leaves Cost of Cheque Books (25, 50 & 10 leaves) Continuous leaves Cost of Counter Cheque Leaf (Withdrawal Slip) LKR 20/- per leaf Cost + LKR 20/- per leaf LKR 250/- per leaf 1.6 Stop Payment Charges Due to Lack of Funds Sufficient Funds Loss of entire chqeque book - 10 leaves - 25 leaves - 50 leaves Stop payment revocation Renewal of stop payment Stop payment of Foreign Drafts LKR 2,000/- per chq LKR 500/- per chq LKR 5,000/- LKR 7,500/- LKR 10,000/- Free LKR 500/- As per the drawee bank charges + LKR 1,800/- or USD Local Cheque Purchase commission Min LKR 2,500/- or 0.75% Flat 1.8 Cheques Sent on Marked for Payment Sent by other Banks to NDB - No minimum value Sent by NDB to other banks (Minimum LKR 500,000/-) LKR 3,000/- P a g e 4

6 1.9 Cheque Returns Inward cheque returns Effects Not Realized (ENR) LKR 500/- Refer to Drawer (RD) LKR 2,000/- Outward clearing cheque return charges LKR 150/- per cheque Foreign Currency Draft / Cheques Returns USD 5 + corresponding bank Image of a paid cheque to be given at customer s request Within 6 months More than 6 months 2 REMITTANCES LKR 200/- LKR 550/- 2.1 Inward Remittances Min. Max Remittance in Foreign Currency (FCY) Credited to LKR /FCY accounts Corporate & SME Customers LKR LKR 600/- LKR3,000/- FCY USD 5 USD25 Retail Customers LKR & FCY Free Bank Drafts Credited to FEEA Account Min. Max. Commission % USD 5 No upper limit Drafts and Cheques Sent on Collection (BLOM, etc) Upto LKR 20,000 LKR 20,001 to LKR 100,000 Over LKR 100, % Local Charges for Drafts sent on collection LKR 250/- Flat LKR 400/- Flat Min. Max. LKR 600/- LKR 3,000/- P a g e 5

7 USD to LKR USD to USD LKR 500/- USD Cheques & Bank Drafts Purchased and Credited to Account (Retail and Corporate customers) Min. Max. Personal LKR FCY (flat) LKR 1,000/-+ Stamp duty 0.125% LKR 4,200/-+ Stamp duty Corporate & SME 0.125% LKR LKR 1,000/-+ Stamp duty LKR 4,200/-+ Stamp duty Corporate & SME 0.5% FCY USD Outward Remittances 2.2.1Drafts Customers LKR 750/- Non customers LKR 1,500/- FCY Accounts Cancellation / Re-issuance of drafts Flat USD 10 LKR 600/- + Reissuance cost of LKR 750/ Pay Orders Commission - customers LKR 550/- Commission - non-customers LKR 1,000/- Cancellation or Lost - Stop Payment (Irrespective of client) LKR 550/- Outward SLIPS LKR 200/- Retail / SME 100/- Funds Transfer - Salaries - Manual Corporate clients to be charged LKR 150/- per transaction Funds Transfer File Uploads/ Diskette LKR 30/- per transaction P a g e 6

8 2.2.3 Outward Telegraphic Transfers (OTT) Min. Max. Customers 0.125% LKR 2,000/- LKR 5,000/- FCY Accounts 0.125% USD 20 USD 50 RTGS LKR 1,000/- TT payments outside Sri Lanka FCY or LKR accounts 0.125%+ USD 12 (commission +1 SWIFT message) TT payments within Sri Lanka in FCY or LKR accounts (commission + 2 SWIFT messages) 0.125% + USD Transmission cost per message (SWIFT cost) Brief SWIFT sent on behalf of client - Miscellaneous investigation LKR account FCY account Brief SWIFT sent on behalf of client - Non receipt of funds (ITT& OTT) LKR account FCY account Foreign Currency Notes commission (For travel) Min. Issuance Customer 1% Non customer Cash masters(payments requested by shipping agencies to pay wages for the marine crew) 1.5% Encashment 3 ADDITIONAL SERVICES LKR 1,000/- USD 10 LKR 1,000/- USD % USD 10 Free 3.1 Standing Orders (SO) Set up fee Free Amendments LKR 100/- Cancellation LKR 100/- Transfer to own accounts within the Bank Free Transfer to other accounts within the Bank LKR 25/- Payment by Pay order LKR 300/- Payment by SLIPS LKR 200/- Additional charge for non-payment due to lack of funds LKR 300/- Standing orders sent via outward telegraphic transfer or P a g e 7

9 draft, the standard telegraphic transfer or date rate will be applied. 3.2 Issuance of Withholding Tax Certificates On Fixed Deposits Savings/Call Accounts Per Certificate Initial Certificate Within 12 months More than 12 months Free LKR 250/- LKR 1,000/- 3.3 Charges on Savings Accounts Passbook Re-placement Charges for Savings account closure Charges for Minor Savings accounts closed on special approval (attaining 18 no charges applicable) If the minimum balance is not maintained interest will not be paid LKR 350/- LKR 250/- LKR 1,500/- 3.4 Pay Order Postage Charges Postage - If mailed by the Bank to customers Postage - If mailed by the Bank to non-customers If additional documents are enclosed LKR 75/- LKR 150/- LKR Funds Transfers (manual) Transfer to own accounts within the Bank - Corporate LKR 100/- Transfer to other accounts within the Bank -Corporate /SME LKR 150/- 3.6 Sweep-In/ Out Charges Set up charges Corporate & SME LKR 1,000/- Retail LKR 500/- 3.7 Utility Bill Payments Customer Free P a g e 8

10 3.8 Additional Copies of Statements/ Balance Confirmations/ Other Documents Daily Statements - per month LKR 2,000/- Weekly Statements - per month LKR 1,000/- Within 6 months - per month Individual - Corporate - LKR 300/- LKR 1,000/- Over 06 Months - per month Individual - Corporate - LKR 500/- LKR 2,000/- Balance Confirmation Certificate (Embassies, Tax etc.) CRIB report generated for facilities - per report - Individual Corporate per customer request - per copy LKR500/- LKR 550/- at branch & 300/- centrally LKR 250/- LKR 700/- Hold Mail (Retain Statement) Daily - per month LKR 2,000/- Weekly - per month LKR 1,000/- Monthly - per month LKR 750/- 3.9 Safe Deposit Lockers For any deviations to the collateral only, please obtain approval from line AVP Minimum Amount to be held in - Fixed Deposit LKR. 1,000,000/ - or Savings Accounts LKR 250,000/ - Small (p.a) LKR 5,000/- + VAT Medium(p.a) LKR 7,500/- + VAT Large (p.a) LKR 10,000 /-+ VAT Lock replacement to be referred to Admin Department Cost of locker + bank chg of LKR2,000/- P a g e 9

11 3.10 Special cash orders (Direct Deliveries) Below 500k TLS charge+ Bank Charge LKR 2,000/- Above 500k 3.11 Cards & Online Banking Initial Debit Card & Credit Card Debit Card annual charge Credit Card annual charge Silver Gold TLS charge + 0.5% of the cash order value Free LKR 270/- LKR 1,600/- LKR 2,600/- max of LKR 15,000/- Subsequent Debit cards issued Debit card PIN replacement Subsequent Credit cards issued Silver Gold LKR 200/- LKR 100/- LKR 750/- LKR1,000/- Online banking (Personal accounts) Online bank PIN replacement Free LKR 100/- 4 IMPORTS Min. 4.1 Issuance of Documentary credits denominated in FCY Commission charged per quarter LKR Clients 0.25% LKR 3,000/- FCY clients 0.25% USD 35 Amendment to documentary credits Except enhancements of value or extension to credit LKR Clients LKR 1,800/- FLAT FCY Clients USD 20 Import Letter of Credit cancellation fee LKR 2,000/- FLAT FCY USD 20 Sight Min. FCY - Commission (flat) 0.25% USD 25 LKR - Commission of invoice value 0.10% LKR 1,000/- Commission in lieu of exchange 0.25% USD 25 P a g e 10

12 Acceptance or Deferred Payment Commission per quarter Min. LKR 0.25% LKR 2,000/- FCY A/C USD 35 Discrepancy Fee Fee to be levied on each set of discrepant documents. Cost of remittance Notwithstanding any instructions to the contrary, this charge at USD 35 or will be for the Beneficiary's account. In addition the cost of equivalent per remitting payment will be levied. message 4.2 Documentary Collections Commission on face value of Bill of Exchange / Invoice - flat Min. LKR A/C 0.25% LKR 2,750/- +VAT FCY A/C 0.25% USD 35 Commission in lieu of exchange USD Additional Services- Imports Commission on Shipping Guarantees Commission - of the invoice value for the first month LKR 0.5% p.m. LKR 3,000/- FCY 0.5% per month USD 30 It is the responsibility of the importer to return the guarantee to the Bank for cancellation. Under normal circumstances commission will continue to be charged until the guarantee is returned to the Bank Commission for Endorsing Advance Documents Commission (FLAT) LKR 3,000/- +VAT or USD SWIFT CHARGES LKR FCY Full SWIFT LKR 2,250/- USD 50 Brief SWIFT LKR 1,000/- USD Transfer of Documents to another Local Bank LKR 1,600/- P a g e 11

13 5 EXPORTS 5.1 Documentary Credits (Including Stand by LCs) Advising & pre advising charges Customer Non-customer LKR 2,000/- LKR 3,000/- USD 20 USD30 Advising (includes standby LCS) Customer LKR 2,000/- USD 25 Non-customer LKR 3,000/- USD30 Amendment Customer LKR 1,500/- USD 15 Non-customer LKR 2,500/- USD 25 Transfer of Documentary Credit Per transfer FCY & FCBU LKR 6,000/- USD 75 Amendment - Per amendment DBU LKR 3,000/- USD Negotiation Min. Commission % LKR & FCY LKR 2,500/- USD 25 Funds credited in LKR for Customer LKR 2,500/- USD 25 If commission in lieu of exchange is applicable, documentary Min. commission 0.25% Discrepancy Fee Flat USD Documentary Collections Min. Max. Commission % LKR FCY LKR 3,000/- USD 35 LKR 15,000/- USD 150 If commission in lieu of exchange is applicable, documentary commission will be USD 25 USD Additional Services Exports Duty Rebates Handling charge per application LKR 1,000/- Confirmation of Export Proceeds per certification LKR 2,000/- P a g e 12

14 First 5 transactions Additional transactions (per transaction) LKR 2,000/- LKR 500/- For packages less than 500 gms LKR 3,000/-+ VAT USD 28 Postage - Depends on weight ( Local Delivery) + VAT LKR 250/-+VAT Documentary Collections/LC Bills LKR 250/- Clean Collections LKR 250/- or USD 5 SWIFT Charges Per message LKR 1,500/-+VAT USD 15 6 BANK GUARANTEES Min. 6.1 Letters of Guarantees, Bonds Etc Fee ( all other facilities other than cash) 2% p.a.+ VAT LKR 3,500/- +VAT or USD 35 Fee (100% cash collateral) 1% p.a.+ VAT LKR 3,500/-+ VAT USD 35. Fee ( 100% cash margin account) 0.5% p.a + VAT LKR 3,500/-+ VAT USD 35 Amendment LKR 1,500/- USD 25 Other than extensions and enhancements LKR 3,500/- USD Guarantees Against Counter Guarantees Min. Requested by overseas correspondents 2% p.a. USD 100 P a g e 13

15 6.3 Issuance of Guarantees At the request of other banks 2% p.a. Min. LKR 3,000/- USD 35 As per the arrangements with the issuing bank. Format Charges LKR 2,000/- USD PROCESSING/EARLY SETTLEMENT FEESLOANS/OVERDRAFT/LC s/gurantees FOR RETAIL & SME OD processing fee (Cash backed) OD renewal fee (Cash backed) Loan processing fee (Cash backed) Loan settlement fee (Cash backed loans early settlement) Part settlement fee (Cash backed loans) Guarantee processing fee Guarantee renewal fee LKR 1,500/- LKR 750/- LKR 1,500/- LKR 1,000/- LKR 1,000/- LKR 1,500/- LKR 750/- TOD Processing Fees (SME) Excess below LKR 1 Million Excess LKR 1,000,001/- to LKR 2,000,000/- Excess LKR 2,000,001/- to LKR 5,000,000/- Excesses over LKR 5,000,001/- TOD below LKR 5,000,000/- TOD over LKR 5,000,001/- LKR 500/- LKR1,000/- LKR 2,000/- LKR 5,000/- LKR 2,500/- LKR 5,000/- Dream Maker Loans Processing Fee Standard Loan Amount 100, , LKR 5,000/- 1,000,000 1,999, LKR 7,500/- >2m LKR 9,000/- Early settlement fee for Personal Loans 4% of Capital Payment 2% of Capital Payment for Doctors Housing Loans Processing Fee 2% maximum LKR 60,000/- Early Settlement Charge 4% capital payment Fast track LKR 7,500/- LKR 10,000/- LKR 11,500/- Mortgaged back LKR 7,500/- LKR 9,000/- LKR 12,500/- P a g e 14

16 P a g e 15