SCHEDULE OF BANK CHARGES JAN-JUNE, 2019 Nasir Hussain BANKISLAMI PAKISTAN LIMITED KARACHI,PAKISTAN
Contents 1. INLAND REMITTANCES... 2 2. Collection and other services... 2 3. ALTERNATE DISTRIBUTION CHANNELS... 4 A. Issuance / Annual Subscription & Replacement (For Cards)... 4 B. BankIslami Cards - Per Transaction Charges... 5 C. Dispute Processing Charges (per transaction)... 5 D. Bio Banking Services... 5 E. CALL CENTRE / IVR... 6 4. FINANCING... 6 A. CONSUMERE FINANCE... 6 a) AUTO FINANCE... 6 b) HOUSING FINANCE (MUSKUN)... 7 c) COMMERCIAL MORTGAGES... 8 d) OTHER DURABLES... 8 B. CORPORATE / SME FINANCING... 9 a) VEHICLES... 9 b) OTHER EQUIPMENT... 9 5. MISCELLANEOUS CHARGES ON FINANCING... 9 6. SAFE DEPOSIT LOCKERS... 10 7. TRADE SERVICES... 11 A. IMPORTS... 11 B. INLAND TRADE... 14 C. EXPORTS... 15 D. LETTERS OF GUARANTEE... 16 8. INTERNATIONAL REMITTANCES... 18 9. POSTAGE & COMMUNICATIONS... 18 A. Courier Charges (For all destinations )... 18 B. Registered Post... 18 C. SWIFT Charges... 18 D. RTGS Charges Small Ticket Addition... 18 E. FACSIMILE CHARGES... 19 10. For BIPL Staff (Salary Account Only)... 19 1 P a g e
1. INLAND REMITTANCES A. Issuance of Pay Order Pay Order issuance on Cash from Account Holders Islami Current Account Islami Sahulat Account Islami Bachat Account Rs.100/- Rs.100/- (if average monthly balance of Rs.25,000/- is maintained. Otherwise customer will be charged @ Rs.100/-) Rs.100/- B. Issuance of DD / TT Up to Rs.10,000/-: Rs.30 (Flat)+Correspondent Charges at C. Drafts, MTs and TTs against cash Service not provided D. DD / PO Cancellation Rs.300/- E. Duplicate Demand Draft Rs.300/- F. Duplicate Pay Order Rs.150/- G. Collection of Fees of Educational Institutions FREE H. Issuance of Pay Order of Educational Institutions FREE I. Issuance of Demand Draft or any other instrument of educational institutions, HEC / Board 2. Collection and other services A. Foreign Bills for Collection Clean Cheque / DD (FBC) actual; FROM Rs.10,001/- to Rs.100,000/-: 0.20% Rs.50/- + Correspondent Charges as per actual; OVER Rs.100,000/-: 0.25% - minimum Rs.300/- Minimum 0.50% of fees / dues or Rs.25/- per instrument whichever is less a) Collection Charges (Clean Cheques) For USD Instruments (Minimum USD20/- + Actual Correspondent Charges + Courier Charges) For Other Currencies Instruments 0.3% of the instrument, Minimum Rs.400/-, Maximum Rs.1,500/- + Courier Charges + Actual Foreign Correspondent Charges (if any). b) Foreign Clean Cheque Return Charges Actual B. Local Bills for Collection clean / cheques (LBC) inclusive of courier charges Rs.200/- (Flat) C. Clean item sent on collection return unpaid. (Local) Actual correspondent charges D. Issuance of SBP / NBP Cheques Rs.500/- (Flat) E. Cheque Return Administrative Charges Inward Clearing / Cash Cheque: Rs.250/- (Flat); Outward Clearing: FREE F. Special clearing charges through NIFT (Inclusive of Rs.300/- per cheque / instrument cheque returned charges if any) G. Providing duplicate Debit / Credit advices, additional copies of L/Cs SWIFT messages, etc. H. Duplicate Statement of Account Rs.35/- Rs.50/- per item I. Issuance of loose cheques. (subject to clearance by the Rs.500/- per cheque 2 P a g e
Branch Manager) SCHEDULE OF BANK CHARGES J. Balance confirmation to Auditors Rs.300/- (Flat) K. Service charges on subscription of successful application (bankers to issue) L. Account Closing charges Nil M. Tax Certificate Issuance Charges N. Any other type of certificate issuance regarding business dealing with the bank. Up to 0.50% of the volume routedthrough BankIslami; Minimum Rs.15,000/- Rs.200/- per instant O. Hold mail charges Rs.1,000/- pa. - recoverable semiannually or part thereof P. Registration / permits of student cases Rs.2,000/- pa. Q. Issuance of Cheque Books RS. 10.00 Per leaf Islami current Account Islami Sahulat Account Islami Bachat Account Rs.10.00 per leaf (if average monthly balance of Rs.25,000/- is maintained. Otherwise customer will be charged Rs.10.00 per leaf Rs.10.00 per leaf R. Handling charges for foreign currencies cash receipts i) Up to 0.5% with no retention period in case of outward foreign remittance (for current accounts) ii) Retention period of 30 days from initial deposit in case of outward foreign remittance (for saving accounts) S. Local U. S. Dollar Clearing Rs.200/- processing charges; Rs.200/- return charges (as prescribed by SBP from time to time) T. Standing Instructions Fee Rs.50/- per instruction. Standing Instructions fee will be recovered in addition to the usual charges on remittances, if any; Equivalent USD 1/- for FC accounts. U. Intercity clearing via NIFT Rs.100/- per item (or actual charges, whichever is higher) V. Credit Report Charges / CIB Online charges Rs.200/- per customer report W. E-Statements FREE X. Utility Bill Payment Rs.8/- per bill or as advised by SBP / PBA from time to time (Included in Bill Amount) Y. Stop Payment Charges Rs.200/- for local instruments; Actual correspondent charges for FC instruments Z. Old record information charges (subject to prior Rs.300/- per instance approval of the concerned BM) AA. Change Address AB. Online Transactions Rs.100/- a) Cash Deposit FREE b) Cash withdrawal FREE AC. Investor Portfolio Securities (IPS) Account (i) Holding Charges Per Annum (to be recovered on monthly basis) 0.25% of investment amount plus CDC Charges at Actual Min Rs.2,499/-, Max Rs.4,999/-. (ii) Account Statement Rs.100/- (Flat) (iii) Transaction Charges Sale/Purchase Rs.350 Per Transaction. (iv) Security Movement Rs.350 Per Transaction plus CDC Charges at Actual AD. Scrips Equity Trading (i) Account Opening Charges a) Individual NIL b) Corporate NIL 3 P a g e
(ii) (Share/Security) Up to Rs.199.99 NIL from Rs.200 to 399.99 NIL from Rs.400 & above NIL (iii) Custodial Charges (per annum) a) For Shares (Only Shariah Compliant) Actual b) For TFCs (Only Shariah Compliant) Actual c) For Rights (Only Shariah Compliant) Actual (iv) Shares Transfer Charges (Per Share) Actual (v) Shares Pledge Charges (Per Share) Actual (vi) NCCPL Charges (Per Share) Actual (vii) UIN Charges (Per Annum) a) Individual Actual b) Corporate Actual (viii) CDC Sub Account Fee ( Per Annum) Actual AE. Cash Management Service Charges (i) (ii) (iii) (iv) One Time Charges a) LinkIslami Online installation and user accounts set up b) Training Charges Recurring Charges a) LinkIslami Maintenance Charges Rs.2,500/- (Monthly) b) Dealer Creation Charges Rs.500/- (per dealer) c) Collection & Delivery of Cash through As per specific agreement with customer. Rapid Cash Registered Corporate Customers Payment Transactions via LinkIslami a) Cash Over Counter (Salary Upto Rs.50/- (per transaction) Disbursement) b) Issuance of Corporate Cheques Upto Rs.25/- (per instrument) c) Stop Payment of Corporate Cheque d) Issuance of Payment Orders Upto Rs.50/- (per instrument) e) Cancellation of Payment Orders Upto Rs.20/- (per instrument) f) Internal Transfers (accounts within Upto Rs.50/- (per transaction) BIPL only) g) IBFT Rs.50/- (per transaction) h) Transaction Cancellation Charges (COC) Collection Transactions via LinkIslami a) Collection against Invoice upload Upto Rs.100/- (per transaction) mechanism b) Collection without Invoice Upload Upto Rs.50/- (per transaction) c) Collection through SIDA Upto Rs.150/- (per transaction) d) Courier & Postage Charges Actual (if any) e) Utility Bill Payments Rs.10/- (Over and above Bill amount) f) Customized Collection Services As per specific agreement with customer 3. ALTERNATE DISTRIBUTION CHANNELS A. Issuance / Annual Subscription & Replacement (For Cards) (i) Debit Master Card Rs.750/- (ii) Titanium Debit Master Card Rs.1,500/- (iii) Pay Pak Debit Card Rs.500/- (iv) Internet Banking / Mobile App Rs.250/- (v) SMS Banking Service Rs.500/- 4 P a g e
(vi) E-Statement Charges (vii) Visa Classic Debit Card (Annual Subscription Only) Rs.600/- (viii) Visa Gold Debit Card (Annual Rs.900/- Subscription Only B. BankIslami Cards - Per Transaction Charges (i) POS (POINT OF SALE) PURCHASE (a) BankIslami Card on Domestic POS (b) BankIslami Card on International POS (ii) CASH WITHDRAWAL (a) BankIslami Card on BankIslami ATM (b) BankIslami Card on 1Link ATM (c) BankIslami Card on International ATM (iii) INTERNET SHOPPING ON DEBIT CARD (a) BankIslami Card on Domestic Internet Merchants (b) BankIslami Card on International Internet Merchants (iv) MINI STATEMENT (a) BankIslami Card on BankIslami ATM (b) BankIslami Card on 1Link ATM (c) BankIslami Card on International ATM (v) IBFT (INTER BANK FUNDS TRANSFER) (a) Via BankIslami ATM (b) Via Internet Banking (c) Via Mobile App (d) Via Branch Counter (vi) BILLS & PAYMENTS (a) Via BankIslami ATM (b) Via Internet Banking (c) Via Mobile App (d) Via Branch Counter (vii) PAY 2 ANYONE (a) Via BankIslami ATM (b) Via Internet Banking (c) Via Mobile App 3% of Amount Rs.18.75/- 3% of Amount 3% of Amount Rs.5/- Rs.300/- Rs.50/- Rs.75/- Rs.75/- C. Dispute Processing Charges (per transaction) (i) DOCUMENT RETRIEVAL CHARGES (a) Domestic Disputed Transactions (b) International Disputed Transactions (ii) FALSE DISPUTES (a) Per Transaction Penalty (iii) ARBITRATION CHARGES Rs.100/- Rs.100/- Rs.100/- Rs.200/- Rs.1,000/- Rs.1,000/- (a) Domestic & International Transactions USD 500/- D. Bio Banking Services (i) Bio Banking Services (ii) Funds Transfer within Bank (iii) IBFT (iv) Utility Bills Payment (v) Mobile Top up (vi) Pay Order 5 P a g e
E. CALL CENTRE / IVR SCHEDULE OF BANK CHARGES (a) Account Statement (New / Old) Rs.35/- (b) E-Statement Request (c) Balance / Reference Certificate Rs.200/- (d) Pay Order Request Rs.50/- flat (e) Funds Transfers (Intra-Bank) (f) Payments to Facility Account(s) from Deposit Account(s) (g) Subsequent Cheque Book Issuance Rs.10/- per leaf (h) Utility Bills Payments (i) Cheque Stop Payment Request Normal Charges (j) Change address / Telephone number (k) Duplicate Statement of Account Delivery at Home Rs.35/- + Courier Charges as per actual 4. FINANCING A. CONSUMERE FINANCE a) AUTO FINANCE (i) New Vehicle (Financing up to Rs.1M) Application Fees Rs.1,200/- per Car (inclusive of FED) Documentation & Processing Rs.4,300/- per Car (inclusive of FED) Valuation Not required (ii) (iii) (iv) (v) (vi) New Vehicle ( Financing above Rs.1 M but less than Rs.10 M) Application Fees Rs.1,200/- per car (inclusive of FED) Documentation & Processing Up to Rs.5,500/- per car (inclusive of FED) Valuation Not required New Vehicle (Financing above Rs.10 M but less than Rs.50 M) Application Fees Rs.1,200/- per car (inclusive of FED) Documentation & Processing Up to Rs.15,600/- per car (inclusive of FED) Valuation Not required Old (Local / Imported) Vehicle (Financing up to Rs.1 M) Application Fees Rs.1,200/- per car (inclusive of FED) Documentation & Processing Up to Rs.4,300/- per car (inclusive of FED) Valuation As Per Actual Old (Local / Imported) Vehicle (Financing above Rs.1 M but less than Rs.10 M) Application Fees Rs.1,200/- per car (inclusive of FED) Documentation & Processing Up to Rs.5,500/- per car (inclusive of FED) Valuation As Per Actual Old (Local / Imported) Vehicle (Financing above Rs.10 M but less than Rs.50 M) Application Fees Rs.1,200/- per car (inclusive of FED) 6 P a g e
Documentation & Processing Up to Rs.15,600/- per car (inclusive of FED) Valuation As Per Actual (vii) Repossession of Vehicle Up to Rs.50,000/- maximum per case (viii) Cheque Return Charges Administrative Charges; Local Cheques Rs.300/- Outstation Cheques Rs.500/- (ix) Change of vehicle after disbustrment Up to Rs.1,500/- (flat) (x) Early Termination Charges Up to 10% (xi) Additional Charges Vehicle Storage Charges As Per Actual Legal and Administrative Charges As Per Actual Evaluation Charges for Repossessed Vehicle As Per Actual Income Estimation Charges As per Actual NOC Revalidation Charges Rs.1,500/- b) HOUSING FINANCE (MUSKUN) (i) Application Rs. 6,900/- (inclusive of FED) ( Nonrefundable) (ii) (iii) o Processing Charges Rs. 3,450/- (inclusive of FED) (Nonrefundable) Appraisal (House/ Flat) o Financing Upto 10M Rs.4,500/- (Land: Rs.4,000) o Property Value above 10M Rs.9,000/- o BOQ Verification Rs.3,000/- o BOQ Tranche Visit Rs.3,000/- Per Visit o Lawyers' Fee Actual o Income Estimation Rs.7,000/- Musharakah Documentation Up to Rs.1 M Rs.3,400/- or as per actual Above Rs.1 M and up to Rs.10 M Rs.5,800/- or as per actual Above Rs.10 M and up to Rs.50 M Rs.16,900/- or as per actual Above Rs.50 M and up to Rs.100 M Rs.39,900/- or as per actual Above Rs.100 M and up to Rs.300 M Rs.54,900/- or as per actual Incase of SLB Case Rs.200/- additional charges (iv) Partial Payment If paid within 1st Year of disbursement. 5.00% If paid within 2nd and 3rd Year of 2.50% disbursement If paid after 3rd Year of disbursement till the 1.50% maturity of facility. After 5th Year NIL Maximum 10% of outstanding Balance is allowed in a year after 1st year of financing with no extra charges. 7 P a g e
(v) Incidentals At Actual (vi) Cheque Return Charges Administrative Charges; Local Cheques Rs.300/- Outstation Cheques Rs.500/- c) COMMERCIAL MORTGAGES (i) Application Rs.10,000/- (inclusive of FED) (Non-refundable) (ii) (iii) Processing Charges Financing up to 10 M = 0.4% of Financing Amount In case of successful application Rs.10,000/- will be deducted from processing charges Financing above 10 M and up to 25 M = 0.35% of Financing Amount OR Rs.40,000/- whichever is higher Financing above 25 M = 0.25% of Financing Amount OR Rs.62,500/- whichever is higher Appraisal (House/ Flat) Financing up to 10 M Rs.4,500/- (Land: Rs. 4,000) Property Value above 10M Rs.9,000/- BOQ Verification Rs.3,000/- BOQ Tranche Visit Rs.3,000/- Per Visit Lawyers' Fee Actual Income Estimation Rs.7,000/- Musharakah Documentation Up to Rs. 1 M Rs.3,400/- or as per actual Above Rs. 1 M and up to Rs. 10 M Rs.5,800/- or as per actual Above Rs.10 M and up to Rs. 50 M Rs.16,900/- or as per actual Above Rs.50 M and up to Rs.100 M Rs.39,900/- or as per actual Above Rs.100 M and up to Rs.300 M Rs.54,900/- or as per actual (iv) Partial Payment If paid within 1st 3 years of disbursement 5.00% If paid after 3 years of disbursement till the maturity of facility 3.00% (v) Incidentals At actual (vi) Cheque Return Charges Administrative Charges; Local Cheques Rs.300/- Outstation Cheques Rs.500/- d) OTHER DURABLES (i) Application fee Rs.1,200/- (per case) inclusive of FED (ii) Processing & Documents Charges Rs.3.500/- (per case) inclusive of FED (iii) Incidentals At actual (iv) Cheque Return Administrative Charges Local Cheques: Rs.100/- Outstation Cheques: Rs.500/- (v) (vi) (a) Takaful Default due to insufficient funds in account (for Standing Instructions cases) to be given in charity Duplicate Schedule / copies of Legal Documents Rs.1,500/- Rs.500/- (i) Change of beneficiary in first year FREE (ii) Change of beneficiary after first year Rs.1,000/- per case (inclusive of FED) (iii) Additional Investment 2% of additional investment (inclusive of FED) 8 P a g e
B. CORPORATE / SME FINANCING a) VEHICLES (i) New (ii) SCHEDULE OF BANK CHARGES Documentation At actual Old (Local / Imported) Documentation At actual Valuation Upto Rs.5,000/- per vehicle b) OTHER EQUIPMENT (i) Processing Rs.15,000/- (ii) Documentation as per actual (iii) Valuation as per actual a) Processing, Structuring and Advisory Fees. In case of Renewal, it will be applicable on short term facility (Funded / Non Funded) For SME Customers For Corporate Customers Facilities in (Million PKR) Fee (PKR) Facilities in (Million PKR) Fee (PKR) Up to 10.000 5,000 Up to 50.000 20,000 Up to 25.000 10,000 Up to 100.000 40,000 Up to 35.000 15,000 Up to 200.000 75,000 Up to 50.000 20,000 Up to 300.000 100,000 Up to 75.000 25,000 Up to 400.000 125,000 Up to 100.000 40,000 Up to 500.000 150,000 Up to 150.000 50,000 Up to 750.000 200,000 Up to 200.000 75,000 Up to 1000.000 300,000 Up to 1500.000 350,000 Up to 2000.000 400,000 Up to 2500.000 & Above 500,000 * Processing Fee Is applicable upfront to every customer whether case gets approved Or not. b) " Additional price on early termination (in Ijarah & Diminishing Musharakah) As per Agreement 5. MISCELLANEOUS CHARGES ON FINANCING A. Miscellaneous Charges (i.e. charged for documents, Actual cost incurred by BankIslami documents security, evaluation of security and maintenance there of etc.). B. Issuance of delivery order against pledge Rs.500/- per delivery order C. Search Report charges Actual cost incurred by BankIslami plus Rs.500/- 9 P a g e
D. Godown Rent / Leased Assets Inspection Charges Actual cost incurred by BankIslami E. Godown Staff Keepers/Chowkidar Actual cost incurred by BankIslami F. Godown Inspection Charges Actual cost incurred by BankIslami G. Delivery Charges (If a Godown Keeper is not posted Actual cost incurred by BankIslami conveyance charges will also be recovered). H. Issuance of NOC in favor of other banks Rs.2,500/- (flat) 6. SAFE DEPOSIT LOCKERS A. Key Deposit Rs. 2,500/- (refundable) B. Locker Rental (Annual) - to be recovered in advance a) Small Islami Current Account Rs.2,500/- p.a. Islami Sahulat Account FREE (If average monthly balance of Rs. 500,000/- is maintained for 1 year otherwise customer will be charged Rs. 2,500/-) Islami Bachat Account (Average Monthly Balance) Up to Rs. 2,500/- Assan Account (Any) Rs. 2,500/- Pa. b) Medium Islami Current Account Rs.3,500/- pa. Islami Sahulat Account FREE (If average monthly balance of Rs.750,000/- is maintained for 1 year otherwise customer will be charged Rs.3,500/-) Islami Bachat Account (Average Monthly Balance) Up to Rs.3,500/- Assan Account (Any) Rs.3,500/- pa. c) Large Islami Current Account Rs.5,000/- pa. Islami Sahulat Account FREE (If average monthly balance of Rs.1,000,000/- is maintained for 1 year otherwise customer will be charged Rs.5,000/-) Islami Bachat Account (Average Monthly Balance) Up to Rs.5,000/- Assan Account (Any) Rs.5,000/- pa. C. Locker breaking charges At Actual 10 P a g e
7. TRADE SERVICES A. IMPORTS a) Letter of Credit Opening (i) Minimum Charges Rs.1,500/ (ii) All L/C amount exceeding Rs.100 Million shall attract additional service charges of Rs.4,000/- (First Quarter) per Rs.1 Million each (or part thereof) and Rs.2,000/- (for Subsequent Quarter) per Rs1 Million. (iii) Rs.1,000/- (flat) will be charged per amendment along with service charges as above, if amendment involves increase in amount or extension in period of validity of L/C. (iv) Charges relating to corporate customers may differ as per the arrangement between the customer and the Bank. (v) Service Charges on Foregin L/C : 0.40 % of the L/C Amount (vi) Slabs for Letters of Credit service charges From LC Amount To 1st Quarter or part thereof Subsequent Quarters or Part Thereof Up to 800,000 3,200 1,600 800,001 1,000,000 4,000 2,000 1,000,001 1,500,000 6,000 3,000 1,500,001 2,000,000 8,000 4,000 2,000,001 2,500,000 10,000 5,000 2,500,001 3,000,000 12,000 6,000 3,000,001 3,500,000 14,000 7,000 3,500,001 4,000,000 16,000 8,000 4,000,001 4,500,000 18,000 9,000 4,500,001 5,000,000 20,000 10,000 5,000,001 5,500,000 22,000 11,000 5,500,001 6,000,000 24,000 12,000 6,000,001 6,500,000 26,000 13,000 6,500,001 7,000,000 28,000 14,000 7,000,001 7,500,000 30,000 15,000 7,500,001 8,000,000 32,000 16,000 8,000,001 8,500,000 34,000 17,000 8,500,001 9,000,000 36,000 18,000 9,000,001 9,500,000 38,000 19,000 9,500,001 10,000,000 40,000 20,000 10,000,001 10,500,000 42,000 21,000 10,500,001 12,500,000 50,000 25,000 12,500,001 15,000,000 60,000 30,000 15,000,001 17,500,000 70,000 35,000 17,500,001 20,000,000 80,000 40,000 20,000,001 22,500,000 90,000 45,000 22,500,001 25,000,000 100,000 50,000 25,000,001 27,500,000 110,000 55,000 27,500,001 30,000,000 120,000 60,000 30,000,001 32,500,000 130,000 65,000 32,500,001 35,000,000 140,000 70,000 35,000,001 37,500,000 150,000 75,000 37,500,001 40,000,000 160,000 80,000 40,000,001 42,500,000 170,000 85,000 42,500,001 45,000,000 180,000 90,000 45,000,001 47,500,000 190,000 95,000 47,500,001 50,000,000 200,000 100,000 11 P a g e
50,000,001 52,500,000 210,000 105,000 From LC Amount To 1st Quarter or part thereof Subsequent Quarters or Part Thereof 52,500,001 55,000,000 220,000 110,000 55,000,001 57,500,000 230,000 115,000 57,500,001 60,000,000 240,000 120,000 60,000,001 62,500,000 250,000 125,000 62,500,001 65,000,000 260,000 130,000 65,000,001 67,500,000 270,000 135,000 67,500,001 70,000,000 280,000 140,000 70,000,001 72,500,000 290,000 145,000 72,500,001 75,000,000 300,000 150,000 75,000,001 77,500,000 310,000 155,000 77,500,001 80,000,000 320,000 160,000 80,000,001 82,500,000 330,000 165,000 82,500,001 85,000,000 340,000 170,000 85,000,001 87,500,000 350,000 175,000 87,500,001 90,000,000 360,000 180,000 90,000,001 92,500,000 370,000 185,000 92,500,001 95,000,000 380,000 190,000 95,000,001 97,500,000 390,000 195,000 97,500,001 100,000,000 400,000 200,000 b) Acceptance of Bills under Usance LC (i) Minimum Charges Rs.500/- (ii) All acceptance amount exceeding Rs.100 Million shall attract additional service charges of Rs. 750/-(monthly) per Rs.1 Million each (or part thereof). (iii) Charges relating to corporate customers may differ as per the arrangement between the customer and the Bank. (iv) Slabs Acceptance Amount Range From To Per Month or Part Thereof 500,001 800,000 650 800,001 1,000,000 900 1,000,001 1,500,000 1,250 1,500,001 2,000,000 1,750 2,000,001 2,500,000 2,250 2,500,001 3,000,000 2,750 3,000,001 3,500,000 3,250 3,500,001 4,000,000 3,750 4,000,001 4,500,000 4,250 4,500,001 5,000,000 4,750 5,000,001 5,500,000 5,250 5,500,001 6,000,000 5,750 6,000,001 6,500,000 6,250 6,500,001 7,000,000 6,750 12 P a g e
From Acceptance Amount Range To Per Month or Part Thereof 7,000,001 7,500,000 7,250 8,000,001 8,500,000 8,250 8,500,001 9,000,000 8,750 9,000,001 9,500,000 9,250 9,500,001 10,000,000 9,750 10,000,001 10,500,000 10,250 10,500,001 12,500,000 11,500 12,500,001 15,000,000 13,750 15,000,001 17,500,000 16,250 17,500,001 20,000,000 18,750 20,000,001 22,500,000 21,250 22,500,001 25,000,000 23,750 25,000,001 27,500,000 26,250 27,500,001 30,000,000 28,750 30,000,001 32,500,000 31,250 32,500,001 35,000,000 33,750 35,000,001 37,500,000 36,250 37,500,001 40,000,000 38,750 40,000,001 42,500,000 41,250 42,500,001 45,000,000 43,750 45,000,001 47,500,000 46,250 47,500,001 50,000,000 48,750 50,000,001 52,500,000 51,250 52,500,001 55,000,000 53,750 55,000,001 57,500,000 56,250 57,500,001 60,000,000 58,750 60,000,001 62,500,000 61,250 62,500,001 65,000,000 63,750 65,000,001 67,500,000 66,250 67,500,001 70,000,000 68,750 70,000,001 72,500,000 71,250 72,500,001 75,000,000 73,750 75,000,001 77,500,000 76,250 77,500,001 80,000,000 78,750 80,000,001 82,500,000 81,250 82,500,001 85,000,000 83,750 85,000,001 87,500,000 86,250 87,500,001 90,000,000 88,750 90,000,001 92,500,000 91,250 92,500,001 95,000,000 93,750 95,000,001 97,500,000 96,250 97,500,001 100,000,000 98,750 c) Letter of Credit-Miscellaneous (foreign + local) (i) If maturity of the bill falls within the validity of L/C, then no acceptance will be charged. But if the bill falls due for payment beyond the expiry of the L/C, then the above service charges will be charged form the date of the expiry of the L/C till date of actual retirement of the bill. (ii) Airway bill endorsement / Issuance of Rs.1,500/- Shipping Guarantee. (iii) Registration of contract for Import on Collection basis. 0.15% (flat); Minimum Rs.1,500/- (iv) Amendment to Contract registration Rs.1,000/- (irrespective of any increase in amount) 13 P a g e
(v) Acceptance for Import on collection basis (Usance LC / Contract and Imports on Collection) (vi) Clearing of goods without any prior arrangement under Import L/C (vii) Credit Information report including Credit SCHEDULE OF BANK CHARGES 0.15% (flat); Minimum Rs.500/- 0.25% of the C & F value of the imported goods. Min. Rs.750/- (flat). At actual Report on Foreign Suppliers/Buyers. (viii) Retirement of All Import Bills 0.15% minimum Rs.1,500.00. (to be included in the Murabaha Price). (ix) Import Bills return Unpaid. Rs.500 plus courier charges from the beneficiary. (x) Correspondents reimbursement charges At actual (xi) Remittance against import without opening of LC / Registration of Contract (Advance Payment) 0.15% (flat) minimum PKR 2,000/- Plus SWIFT / FDD Charges. (xii) Letter of Credit Cancellation Rs1,000/- (flat) plus swift charges. (xiii) Discrepancy fee FOREIGN BILLS: USD 75/- or equivalent to be collected from the beneficiary bank per discrepant document. (Flat); INLAND BILLS: Rs.4,000/- (flat) (xiv) Issuance of any Import Certificate Rs.500/- B. INLAND TRADE a) Minimum Charges Rs.2,000/- b) All LC amounts exceeding Rs.100 Million shall attract additional service charges of Rs.2,000/- (First Quarter) per Rs.1 Million each (or part thereof) and Rs.1,000/- (for Subsequent Quarter). c) Rs.1,000/- (flat) will be charged per amendment along with service charges as above, if amendment involves increase in amount or extension in period of validity of L/C. d) Charges relating to corporate customers may differ as per the arrangement between the customer and the Bank. e) Service Charges on Inland L/C : 0.40 % of the L/C Amount f) Slabs for acceptance of Inland bills From LC Amount 1st Quarter or part thereof Subsequent Quarters or Part Thereof From Up to 800,000 3,600 1,800 800,001 1,000,000 4,500 2,250 1,000,001 1,500,000 6,750 3,375 1,500,001 2,000,000 9,000 4,500 2,000,001 2,500,000 11,250 5,625 2,500,001 3,000,000 13,500 6,750 3,000,001 3,500,000 15,750 7,875 3,500,001 4,000,000 18,000 9,000 4,000,001 4,500,000 20,250 10,125 4,500,001 5,000,000 22,500 11,250 5,000,001 5,500,000 24,750 12,375 5,500,001 6,000,000 27,000 13,500 6,000,001 6,500,000 29,250 14,625 6,500,001 7,000,000 31,500 15,750 7,000,001 7,500,000 33,750 16,875 7,500,001 8,000,000 36,000 18,000 8,000,001 8,500,000 38,250 19,125 8,500,001 9,000,000 40,500 20,250 9,000,001 9,500,000 42,750 21,375 14 P a g e
From LC Amount 1st Quarter or part thereof Subsequent Quarters or Part Thereof From 9,500,001 10,000,000 45,000 22,500 10,000,001 10,500,000 47,250 23,625 10,500,001 12,500,000 56,250 28,125 12,500,001 15,000,000 67,500 33,750 15,000,001 17,500,000 78,750 39,375 17,500,001 20,000,000 90,000 45,000 20,000,001 22,500,000 101,250 50,625 22,500,001 25,000,000 112,500 56,250 25,000,001 27,500,000 123,750 61,875 27,500,001 30,000,000 135,000 67,500 30,000,001 32,500,000 146,250 73,125 32,500,001 35,000,000 157,500 78,750 35,000,001 37,500,000 168,750 84,375 37,500,001 40,000,000 180,000 90,000 40,000,001 42,500,000 191,250 95,625 42,500,001 45,000,000 202,500 101,250 45,000,001 47,500,000 213,750 106,875 47,500,001 50,000,000 225,000 112,500 50,000,001 52,500,000 236,250 118,125 52,500,001 55,000,000 247,500 123,750 55,000,001 57,500,000 258,750 129,375 57,500,001 60,000,000 270,000 135,000 60,000,001 62,500,000 281,250 140,625 62,500,001 65,000,000 292,500 146,250 65,000,001 67,500,000 303,750 151,875 67,500,001 70,000,000 315,000 157,500 70,000,001 72,500,000 326,250 163,125 72,500,001 75,000,000 337,500 168,750 75,000,001 77,500,000 348,750 174,375 77,500,001 80,000,000 360,000 180,000 80,000,001 82,500,000 371,250 185,625 82,500,001 85,000,000 382,500 191,250 85,000,001 87,500,000 393,750 196,875 87,500,001 90,000,000 405,000 202,500 90,000,001 92,500,000 416,250 208,125 92,500,001 95,000,000 427,500 213,750 95,000,001 97,500,000 438,750 219,375 97,500,001 100,000,000 450,000 225,000 g) Slabs for Inland Letters of Credit Same as 1.A.b).iv C. EXPORTS a) Letters of Credit (i) Advising Rs.1,500/- (Flat) (ii) Amendment Advising Rs.1000/- (Flat) (iii) Negotiation of Rupee Bills under L/C As per Shariah approved modes (iv) Confirmation Rs.1,000/- (Flat) (v) Transfer of export L/C Rs.1,500/- (Flat) b) If documents are sent to other local Banks for Rs.1,000/- (Flat) negotiation under restricted Letters of Credit. c) Handling of duty draw back claims 0.25% of claim, minimum Rs.1,000/- d) Documentary Collections (Local) Rs.1,000/- (Flat) e) Service charges against export documents sent on Paisa 15 per Rs.100 Minimum Rs.2,000 or as revised from 15 P a g e
collection basis, where payment cover is already received in bank's foreign currency account. time to time f) Handling of Freight Subsidy cases Rs.1,000/- per case - subject to revisions made by the Export Promotion Bureau from time to time g) Handling of Export Development Surcharge (EDS) Rs.80/- per case - subject to revisions made by the Export cases Promotion Bureau from time to time h) Service Charges for issuance of EPRC / PRC Against Rs.500/- (Flat) Advance Payment i) FCF Processing Fee Rs.500/- (flat) per case j) Islamic Export Refinance Scheme (IERS) Processing All costs to be covered in facility structure Fee k) ERF - NOC for Entitlement Rs.1,000/- (flat) per case l) Export L/C Pre-Advice (including L/C Amendments) Rs.1,000/- (flat) plus courier charges if any. m) Transfer of export bills lodged under collection to Rs.1,000/- (flat) per case other banks. n) Service charges against export advance payment 0.13% Minimum Rs. 2,000/- received o) Documents returned unpaid Rs.500/- (flat) per document. p) Documents sent to other banks for negotiation Rs.500/- (flat) per case under restricted L/C q) Handling of R & D / DLT Cases Rs.500/- (flat) per case r) Issuance of Performance Certificate or Verification Rs.500/- per item or Statement other than EE & EF form s) N.O.C to other Banks for 'E' Form Verification Rs.1,000/- (Flat) D. LETTERS OF GUARANTEE a) Minimum Charges for Issuance of Letters of Guarantee 2,000/- (flat) b) All guarantees amount exceeding Rs.100 Million shall attract additional service charges of Rs.8,000/- per Rs.1 Million each (per quarter or part thereof) + Rs.4,000/- subsequent quarters. c) Rs.1,000/- (flat) will be charge per amendment plus service charges as above, if amendment involves increase in amount or extension in period of validity of Guarantee. d) Charges for guarantees issued on behalf of banks [ correspondent / local / foreign] under their counter guarantees may be negotiated on a case to case basis at the sole discretion of the bank. e) Claim handling charges Rs.2,000/- (flat) f) Charges relating to corporate customers may differ as per the arrangement between the customer and the Bank. g) Slabs for Letters of Guarantee From Amount Range First Quarter Charges Subsequent Quarters To or Part Thereof Up to 800,000 6,400 3,200 800,001 1,000,000 8,000 4,000 1,000,001 1,500,000 12,000 6,000 1,500,001 2,000,000 16,000 8,000 2,000,001 2,500,000 20,000 10,000 2,500,001 3,000,000 24,000 12,000 3,000,001 3,500,000 28,000 14,000 3,500,001 4,000,000 32,000 16,000 4,000,001 4,500,000 36,000 18,000 16 P a g e
From Amount Range First Quarter Charges Subsequent Quarters To or Part Thereof 4,500,001 5,000,000 40,000 20,000 5,000,001 5,500,000 44,000 22,000 5,500,001 6,000,000 48,000 24,000 6,000,001 6,500,000 52,000 26,000 6,500,001 7,000,000 56,000 28,000 7,000,001 7,500,000 60,000 30,000 7,500,001 8,000,000 64,000 32,000 8,000,001 8,500,000 68,000 34,000 8,500,001 9,000,000 72,000 36,000 9,000,001 9,500,000 76,000 38,000 9,500,001 10,000,000 80,000 40,000 10,000,001 10,500,000 84,000 42,000 10,500,001 12,500,000 100,000 50,000 12,500,001 15,000,000 120,000 60,000 15,000,001 17,500,000 140,000 70,000 17,500,001 20,000,000 160,000 80,000 20,000,001 22,500,000 180,000 90,000 22,500,001 25,000,000 200,000 100,000 25,000,001 27,500,000 220,000 110,000 27,500,001 30,000,000 240,000 120,000 30,000,001 32,500,000 260,000 130,000 32,500,001 35,000,000 280,000 140,000 35,000,001 37,500,000 300,000 150,000 37,500,001 40,000,000 320,000 160,000 40,000,001 42,500,000 340,000 170,000 42,500,001 45,000,000 360,000 180,000 45,000,001 47,500,000 380,000 190,000 47,500,001 50,000,000 400,000 200,000 50,000,001 52,500,000 420,000 210,000 52,500,001 55,000,000 440,000 220,000 55,000,001 57,500,000 460,000 230,000 57,500,001 60,000,000 480,000 240,000 60,000,001 62,500,000 500,000 250,000 62,500,001 65,000,000 520,000 260,000 65,000,001 67,500,000 540,000 270,000 67,500,001 70,000,000 560,000 280,000 70,000,001 72,500,000 580,000 290,000 72,500,001 75,000,000 600,000 300,000 75,000,001 77,500,000 620,000 310,000 77,500,001 80,000,000 640,000 320,000 80,000,001 82,500,000 660,000 330,000 82,500,001 85,000,000 680,000 340,000 85,000,001 87,500,000 700,000 350,000 87,500,001 90,000,000 720,000 360,000 90,000,001 92,500,000 740,000 370,000 92,500,001 95,000,000 760,000 380,000 95,000,001 97,500,000 780,000 390,000 97,500,001 100,000,000 800,000 400,000 17 P a g e
8. INTERNATIONAL REMITTANCES A. OUTWARD a) FDD Including SWIFT Massage Charges USD 15/- (Flat) or equivalent in other currencies FTT Via SWIFT USD 10/- (Flat) or equivalent in other currencies b) Duplicate FDD Including SWIFT Massage Charges USD 15/- (Flat) or equivalent in other currencies c) FDD Cancellation via SWIFT Massage USD 15/- (Flat) or equivalent in other currencies + Actual Correspondent Charges FTT Cancellation via SWIFT USD 10/- (Flat) or equivalent in other currencies d) Indirect FTT (through our correspondents) USD 15/- (Flat) or equivalent in other currencies e) Foreign Travelers Cheques 1% of the value of the Travelers' Cheques issued f) Purchase of FDDs / TCS Handling charges: Rs.50/-; OD Buying rate to be applied; Non-realisation of proceeds within 21 days: Paisas 36 per Rs.1,000/- per day in excess of 21 days wait period (to be credited to charity account) g) INWARD a) General FREE if the proceeds are credited to an account with us; Otherwise a flat charge of PKR 250/- plus FTT / FDD Charges and Correspondent Charges as per actual. b) Home Remittances FREE if proceeds are credited to an account with BankIslami or PO Issued; Otherwise, Rs.100/- plus cost of Money Order or Telegram charges when T. T. is requested. 9. POSTAGE & COMMUNICATIONS A. Courier Charges (For all destinations ) (a) International (b) Inland (c) Local (within same city) B. Registered Post (a) International (b) Inland (c) Local (within same city) C. SWIFT Charges (a) Letter of Credit Full (b) Letter of Credit Short (c) Letter of Credit Amendment (d) SWIFT Charges International D. RTGS Charges Small Ticket Addition a) For Amount Rs.100,000/- and upto 999,999/- Monday to Friday 9:00 AM to 4:30 PM Rs.7,000/- per 0.5 kg. Rs.100/- per 0.5 kg. or actual (whichever is higher) Rs.60/- per 0.5 kg. or actual (whichever is higher) Rs.500/- per 0.5 kg. Rs.60/- per 0.5 kg. Rs.1,400/- Rs.700/- Rs.700/- USD 10/- (or equivalent in other currencies) Rs.50/- per transaction on 3 rd party fund transfers b) For Amount Rs.1,000,000/- and above Monday Friday to 9:00 AM to 1:30 PM 1:30 PM to 3:00 PM 3:00 PM to 4:30 PM Rs.200/- + 10% of charges per transaction on 3rd party fund transfer Rs.300/- + 10% of charges per transaction on 3rd party fund transfer Rs.500/- + 10% of charges per transaction on 3rd party fund transfer 18 P a g e
E. FACSIMILE CHARGES (a) International (b) Inland (c) Local Actual ISD call rates per minute; Minimum: Rs.25/- Actual NWD call rates per minute; Minimum Rs.15/- A. Telephone (a) International (b) Inland (c) Local Actual ISD call rates per minute; Minimum Rs.50/- Actual NWD call rates per minute; Minimum Rs.25/- 10. For BIPL Staff (Salary Account Only) 1. Issuance of Pay Order 2. Issuance of DD 3. Issuance of FTT 4. DD / PO Cancellation 5. Duplicate DD / PO 6. Lockers (Small, Medium, Large) 7. Outward Bill for Collection drawn outside Pakistan (OBC) 8. OBC (drawn within Pakistan) 9. Inward Bill for Collections (IBC) 10. Outward FDD Rs.50/- 11. FTT / FDD Cancellation Rs.2/- per SMS 12. Cash Handling Charges on deposit of currency notes for credit to a Foreign Currency Account 13. Stop Payment of cheques 14. Stop payment on account of Loss of a Cheque Book 15. Duplicate statement of account 16. Confirmation of Balance to Auditors 17. Account Reactivation Charges 18. Issuance of Checkbooks (all currencies)- 25 leaves only 19. ATM / Visa Debit Card Issuance and Renewal 20. IBFT As Per ADC Charges 21. OTP (One time Password via SMS) 22. Change Address Rs.50/- 19 P a g e
1. NOTES A. Stamp Duty / FED if any will be recovered as per FBR regulations in addition to Bank's charges mentioned above. B. All charges are subject to government tax as announced/amended by the government from time to time. C. Discounts / waivers may be given to the customers on Management's Discretion. D. Current Accounts are based on 'Qard' therefore Bank will not give any extra benefit or waiver on any facility to Current Account holders. E. Any Charges, including out-of-pocket expenses, which are not covered under this schedule shall be recovered separately on case-to-case basis (subject to prior approval from Resident Shari'ah Board Member). Recommended By: -Sd/- FAROOQ ANWAR -Sd/- ATA HUSSAIN -Sd/- ASADULLAH CHUDUARY -Sd/- SAAD AHMED MADANI -Sd/- Bilal Fiaz Shariah Compliance approved by: -Sd/- MUFTI JAVED AHMED Resident Shariah Board Member 20 P a g e