Service Charges For Forex
| Commission | NIL |
| 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/- |
| 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 |
| Delivery Order | Rs. 500/- per D.O. |
| 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 | 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/- |
| In case of enhancement in amount | 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 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 | |
|
|
| 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 |
| 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 (w.e.f. 1st April 2025) | Foreign - Rs.2,100/-; 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 |
| e-BRC | Rs.100/- per Certificate |
| GR Waiver | Rs. 500/- |
| EDI Certificate | NIL |
| 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/- |
| Particulars of Charges | Schedule of Charges Rs. |
|---|---|
| Where preshipment advance 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/- |
| Particulars of Charges | Schedule of Charges Rs. |
|---|---|
| Forward contract booking / Cancellation / extension /early delivery of forward contract | Rs. 500/- 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 GST as applicable from time to time .
* All transactions involving conversion of currency will attract Foreign Currency Conversion Tax (FCCT) thereon as applicable from time to time.
