Eighteenth Edition Effective 4 th September 2016
Dear Customer, We are pleased to detail herewith our standard Schedule of Charges & Fees which is applicable for transactions carried out by Bank of Maldives Plc. This list is not exhaustive and there may be additional services provided by the Bank from time to time for which additional charges may be applicable. If in doubt, please do not hesitate to contact your Branch Manager or Relationship Manager. Bank of Maldives Note: All charges are subject to change. Page 2 of 22
Table of Contents 1. Account Services 4 2. Deposit Interest Rates 5 3. Lending Rates 6 4. Lending Fees 8 5. Transfers and Payments 10 6. Guarantees 12 7. Trade Related Services Imports 13 8. Trade Related Services Exports 9. Trade Related Services Inland Letter of Credit (L/C) 17 10. Card Services 20 11. BML Internet Banking 22 Page 3 of 22
1. Account Services SCHEDULE OF CHARGES AND FEES Initial deposit to open an account (personal 1 ) 200 50 Initial deposit to open a Kid's Saver Account 100 10 Initial deposit to open an account (business 2 ) 2,000 200 Initial deposit to open an account (Expatriate Account 3 ) 500 20 Minimum balance requirement (personal) 200 50 Minimum balance requirement (Kid's Saver Account) 100 10 Minimum balance requirement (business) 2,000 200 Minimum balance requirement (Expatriate Account) 500 20 Monthly Maintenance Fee (Expatriate Account) 75 5 Inactive Accounts 5 Maintenance Fee 50 3 Cheque Return Fee (due to insufficient funds and incorrectly drawn cheques) 300 30 Cheque book Issuance Fee (per leaf) 1 0.10 Stopped cheque (per request) 100 10 Standing Order (per transaction) 50 5 Payment Guarantee on cheques (per cheque) 50 5 Photocopy of paid cheques (per cheque) 50 5 Account closing Fee 25 3 Flat fee on regulatory enforced payments 300 25 Counter Withdrawal / Deposit Fee 6 5 1 Deposit of notes of $5 and below 3% Deposit or encashment of foreign currency notes 1% 1% (except ) (minimum 5) (minimum equivalent to 5) All types of bank references 300 30 Balance confirmation charge 300 30 Notes 1. Personal Account can either be a Savings Account or a Current Account. 2. Business Account can only be a Current Account. 3. Expatriate Account can only be a Current Account. 4. Euro currency account can be opened as a Current Account only. Initial Deposit to open an account is EUR 100.00. Cheque Books are not issued for Euro accounts. Account Service Fees where applicable is same as account fees (equivalent in Euro). 5. Inactive Accounts are accounts which has experienced no customer or depositor originated activity over a period of 24 (twenty four) months. 6. Counter Withdrawal and Deposit fees are charged for each transaction of value less than or equal to 10,000.00 or 640.00 (applicable for branches in the islands where Self-Service Banking service is provided). Page 4 of 22
2. Deposit Interest Rates 2.1 Savings Accounts Interest paid on Savings accounts 1.50% 1.00% -1.25% Interest paid on Kid's Saver Account 2.00% 1.50% Notes Interest is calculated daily on cleared funds less 5,000.00 for Rufiyaa Accounts and less 1000.00 for US Dollar Accounts at the rate of 1.50% and 1.00% respectively. If balance falls to 5,000.00 or 1000.00 and below, NO INTEREST IS CALCULATED for that day. For amounts exceeding 50,000 in US Dollar Accounts, interest is calculated daily at the rate of 1.25%. If number of debit transactions within a month exceeds 5 transactions, NO INTEREST IS CALCULATED for that month. POS transactions will be excluded when counting the number of debit transactions. Interest is credited to Savings Account at the end of December. For Kid's Saver Account interest will be paid to the balances above 500 and 20. 2.2 Fixed Deposit Accounts 6 months 12 months 10,000 to 50,000 1.60% 1.70% 50,001 to 1,000,000 1.70% 1.80% 1,000,001 to 5,000,000 1.80% 1.90% 5,000,001 to 10,000,000 1.90% 2.00% Above 10 million - case to case basis approved by CEO /ALCO 6 months 12 months 5,000 to 50,000 1.35% 1.45% 50,001 to 100,000 1.45% 1.55% 100,001 to 250,000 1.55% 1.65% 250,001 to 1,000,000 1.65% 1.75% Above 1 million - case to case basis approved by CEO/ALCO Note: Early withdrawal of Fixed Term Deposits is at the Bank s discretion and NO interest will be paid. Page 5 of 22
3. Lending Rates SCHEDULE OF CHARGES AND FEES Lending rates are structured as base rate plus margin, the applicable margin will be specified in the loan documents. 3.1 BML Base Rate Base Rate 9% p.a. 3.2 Corporate Loans Product Corporate Loans/ Overdrafts 3.3 Business Loans Base Rate plus margin up to 2.75% p.a. 8.5% p.a. - 13% p.a. Product Retailers' Loan Base Rate + 2.75% to 3% Green Loan Base Rate + 1% Demand Loan/ Overdrafts 3.4 Home Purchase and Construction Loans () Base Rate plus margin up to 2.75% p.a. 8.5% p.a. - 13% p.a. Product Minimum Rate Maximum Rate Home Purchase Loan Base Rate p.a. Base Rate + 1% p.a. Home Construction Loan Base Rate + 0.5% p.a. Base Rate + 1.5% p.a. Real Estate Loan Base Rate + 1% p.a. Base Rate + 2% p.a. Disaster Relief Loan Base Rate p.a. Base Rate p.a. Interest Rate on Home Purchase and Construction Loans vary based on the equity invested. The above rates are applicable for loans approved from 3rd April 2016 onwards. 3.5 Consumer Loans () Product Secured Loan Unsecured Loan Lui Loan 11.75% p.a. Lui Express 11.75% p.a. 18% p.a. Lui Professional 11.75% p.a. % p.a. Kiyavaa Loan 10.50% p.a. 3.6 Unauthorised Overdrawing Unauthorised Overdrawing on Current Accounts Normal lending rate plus 5% p.a. A penalty charge of 5% p.a. above the approved interest rate will be levied on excess on overdraft accounts. Normal lending rate plus 5% p.a. Page 6 of 22
3.7 Credit Cards SCHEDULE OF CHARGES AND FEES Classic American Express 2.85% per month 2.65% per month Visa /Master Card 2.85% per month 2.65% per month Visa Corporate Card Gold 2.65% per month Platinum Signature/ World Visa /Master Card 2.5% per month 2% per month 3.8 Trade Services - Import Negotiation of documents (from date of payment of the bill by the bank to date of receipt of payment) 13.00% A charge of 5% p.a. above bank s normal lending rate will be levied for overdue bills 10 working days after receipt of documents for Sight bills and/or 10 days after maturity for Usance bills 3.9 Trade Services - Export Letter of credit negotiation (from payment date to realization) 13.00% 3.10 Trade Services - Inland Letter of Credit (L/C) Document settlement Charges - inland Letter of Credit (from date of payment of the bill by us to date we receive payment) 11.75% 13.00% Discounting of Documents - Charges on Beneficiary (from date of payment of the bill by us to date receive payment) 11.75% 13.00% A charge of 5% p.a. above bank s normal lending rate will be levied for overdue bills 10 working days after receipt of documents for Sight bills and/or 10 days after maturity for Usance bills 3.11 Letter of Comfort Letter of comfort - for specific amount 0.1% 0.1% Letter of comfort - minimum commission 300 30 Page 7 of 22
4. Lending Fees Fee Type Arrangement fee Enhancement fee Extension fee Amendment fee Commitment fee Prepayment fee Overdue fee Processing fee Application fee Description Charged on all new credit limits (except Home Purchase Loans, Home Construction Loans and Real Estate Loans) Charged on the enhancement amount (except Home Purchase Loans, Home Construction Loans and Real Estate Loans) Charged on all renewal/ extension/ reschedulement of credit limits involving an increase in term of the credit facility 1.50% of the limit (for OD/LC/BG/TRDL facilities 0.125% per month or part thereof) 1.50% of the enhanced amount (for OD/LC/BG/TRDL facilities 0.125% per month or part thereof) 1.50% p.a. of the effective limit (for OD/LC/BG/TRDL facilities 0.125% per month or part thereof) 1,000 100 1,000 100 1,000 100 Charged on all other amendments to credit limits not involving an increase in term of the credit facility 1.00% of the effective limit 1,000 100 Payable on undisbursed loan amounts above 1 million/ 100,000 (payable quarterly on the undisbursed 0.50% of the undisbursed amount based on the agreed amount,000 1,500 drawdown schedule). Quarter to be defined from the date of loan creation. Payable on prepayment amount above 1 million/ 100,000 (prepayment fee will be charged if the 1.00% of the prepaid amount prepayment is earlier than 60 days before the due date) Additional 10% p.m. (120% p.a.) over the sanctioned rate on the overdue amount from Charged on all overdue credit limits Charged on Home Purchase Loans, Home Construction Loans and Real Estate Loans. Charged on Home Purchase Loans, Home Construction Loans, Real Estate Loans and Retailers' Loan.If application is rejected this fee will be refunded. Fee percentage for all loans and advances day 1 up to 89 th day and an additional 5% p.a. over the sanctioned rate on the entire outstanding from 90 th day onwards Between 5,000 and 50,000 1,000 for Home Purchase and Home Construction Loans, 1,500 for Real Estate Loan and 2,500 for Retailers' Loan. Minimum Fee 5,000 1,000 Page 8 of 22
Notes 1. Arrangement fee Applicable on all new credit facilities: charged on the new loan amount for loan facilities; and charged on the new limit for the duration from sanction date to expiry for other credit limits. 2. Enhancement fee Applicable on all increases in previously sanctioned credit facility limits: Loans : Charged on the enhanced amount only. No other additional fee (amendment fee) will be applicable. Other credit facilities : Charged on the enahanced amount for the duration from date of enhancement sanction to expiry. For all enhancements with extension/ amendment; enhancement fee plus extension or amendment fee as applicable will be charged. 3. Extension fee Applicable on all amendments involving an increase in term of the credit facility: charged on the outstanding amount for loans; and charged on the existing limit for other credit facilities (if limit is reduced, charged on the reduced limit). 4. Amendment fee Applicable on all amendments not involving an increase in term of the credit facility: charged on the outstanding amount for loans; and charged on the existing limit for other credit facilities. 5. Commitment fee For the purpose of charging commitment fee, actual quarters (quarters to be defined from the date of initial disbursement) will be used. Commitment fee will be charged only to the amount that has not been disbursed in that particular quarter according to the drawdown schedule or payment schedule provided by the borrower at the time of loan application. 6. Exceptions The above charges and fees may be exempt or vary for loans approved under special schemes. Page 9 of 22
5. Transfers and Payments 5.1 Issuance of Cashier s Cheque/ Bank Drafts Issuance commission 0.50% 0.50% Minimum commission 25 5 Maximum commission 3,000 200 Cancellation of Drafts 2 Stop payment of drafts - foreign bank charges Stop payment of drafts - SWIFT charge (each message) Foreign bank charges for issuance of Euro drafts (in addition to issuance commission) EUR 5 5.2 Transfer of Salaries/Non-Cheque Transfers/Direct Debits Commission for transfer of salaries for government of Maldives Free Free Commission for transfer of salaries for others (per transaction) Commission for non-cheque account transfers (other than salaries) 5 Equivalent to 5 10 1 Direct Debit (each debit) 10 Equivalent to 10 5.3 Local bank transfers through RTGS and ACH Outward transfer 50 5 Outward transfer through BML Internet Banking 5 0.33 Inward transfer 1 5.4 Atoll branch cheques collected through clearing Commission 0.50% 0.50% Minimum commission 25 5 Maximum commission 3,000 250 5.5 Local bank cheques received for collection from atoll branches Commission 0.50% 0.50% Minimum commission 25 5 Maximum commission 3,000 250 Cheques returned due to insufficient funds (per cheque) 200 20 Page 10 of 22
5.6 SWIFT/Telex Transfer Abroad SCHEDULE OF CHARGES AND FEES Commission for customers who pay in funds 0.70% Commission for customers who pay through BML Internet Banking and in funds 0.50% Commission for customers who does not pay in funds 0.75% Maximum commission 750 Minimum commission 7 SWIFT/Telex charge 14 Cancellation (each message) Foreign bank charges for transfers Foreign bank charges other than transfers 5.7 BML Cheques received for collection from foreign banks Commission - 1% Minimum commission - 5 SWIFT/Telex charge - Postage - 5 Cheques returned due to insufficient funds (per cheque) 200 20 Note: Payment against cheques drawn on BML branches received on collection from foreign banks will be paid either by issuing a Draft or via SWIFT transfer depending on the payment instructions received from the remitting bank and charges will apply accordingly. 5.8 Inward Remittance (Telegraphic Transfers) Commission - up to 10,000 Commission - 10,001 to 100,000 30 Commission - above 100,001 36 Page 11 of 22
6. Guarantees 6.1 Commission Guarantees up to 10,000,000/ 1,000,000 (commission will be charged per 90 day quarter, or part thereof) 0.5% per quarter (2% per annum) 0.5% per quarter (2% per annum) Guarantees above 10,000,000/ 1,000,000 (annually up-front recoverable in advance) 1% per annum 1% per annum Minimum commission 500 50 Administrative fee (for all Guarantee requests received less than 5 business days prior to the date the Guarantee is required) 700 70 6.2 Advising Guarantees Advising guarantees without our responsibility Advising guarantee amendments without our responsibility - per amendment (increase in amount/extension of validity) Advising guarantee amendments without our responsibility - per amendment (other amendments) 10 10 Page 12 of 22
7. Trade Related Services Imports 7.1 Issuance of Letter of Credit (L/C) - Foreign Sight L/C issuance commission per quarter (from date of issuance to date of expiry) Usance L/C issuance commission per quarter (from date of issuance to date of expiry plus Usance period of L/C) SWIFT charge Minimum commission Postage charges for airmail L/C's 0.35% 0.35% 50 25 7.2 Letter of Credit (L/C) Amendments - Foreign Sight L/C amendment commission - increase in amount/quarter on the enhanced amount from date of issuance to date of expiry Usance L/C amendment commission - increase in amount/quarter on the enhanced amount from date of issuance to date of expiry and from date of expiry plus Usance period of L/C Sight L/C amendment commission - extension of validity/quarter on the outstanding amount from date of issuance to date of expiry Usance L/C amendment commission - extension of validity/quarter on the outstanding amount from date of issuance to date of expiry and from date of expiry plus Usance period of L/C Amendment commission - others/amendment Minimum commission SWIFT charge (per amendment) Foreign bank charges (if on applicant) Postage charges for airmail L/C's (per amendment) 0.35% 0.35% 0.35% 0.35% 25 25 7.3 Letter of Credit (L/C) Confirmation - Foreign L/C confirmation charges - foreign bank charges (if on applicant) L/C confirmation charges - arrangement fees (cost of communication/swift message) 7.4 Cancellation of Letter of Credit (L/C) Cancellation fee - cancellation of L/C's expired unutilized Cancellation fee - cancellation of L/C's expired unutilized (foreign bank charges) Cancellation fee - cancellation of L/C's prior to expiry Cancellation fee - cancellation of L/C's prior to expiry (communication cost - per SWIFT message) Cancellation fee - cancellation of L/C's prior to expiry (foreign bank charges) Page 13 of 22
7.5 Other foreign bank charges Foreign bank charges - advising, negotiating, reimbursing bank charges (if on applicant) 7.6 Shipping Guarantee Issuance Issuance commission 25 7.7 Negotiation of Documents Retirement commission Minimum commission Penal interest (interest will be charged for overdue bills 10 working days after receipt of documents for Sight bills and/or 10 days after maturity for Usance bills) SWIFT charge (per SWIFT message) Foreign bank payment processing fee Foreign bank charges (if on applicant) 1% 25 5% Note: A charge of 5% p.a. above bank's normal lending rate will be levied for overdue bills 10 working days after receipt of documents for Sight bills and/or 10 days after maturity for Usance 7.8 Import Documentary Collections Charges on receipt of document Handling commission SWIFT charge per message to acknowledge receipts of documents to remitting bank Acceptance/Non-Acceptance of D/A document SWIFT charge (per message) to advice acceptance/non- acceptance of document to remitting bank 20 Amendment Handling commission SWIFT charge per message to advice acceptance/non- acceptance of amendment to remitting bank Payment tracers SWIFT charge per message to reply for payment tracers received from remitting bank Payment Retirement commission Minimum commission SWIFT charge per message Foreign bank charges Return of unpaid documents Charges on returned documents (per document) SWIFT charge per message to advice return of documents to remitting bank Courier charges (per document) Postage by registered post (per document) 20 1% 25 25 40 Page 14 of 22
8. Trade Related Services Exports 8.1 Advising Charges Inland Letter of Credit (L/C) L/C advising commission (without adding confirmation) 25 L/C advising commission (with confirmation) 1% 8.2 Amendment Advising Amendment advising commission per amendment - increase in amount without adding bank's confirmation Amendment advising commission per amendment - increase in amount with bank's confirmation Amendment advising commission per amendment - extension of validity with bank's confirmation- per quarter 1% 0.35% Amendment other (per amendment) 8.3 Letter of Credit (L/C) Cancellation Fee Cancellation fee 25 Cancellation of L/C's - communication cost (per SWIFT message) 8.4 Letter of Credit (L/C) Negotiation Negotiation/purchase of documents 1% Minimum commission 25 Foreign bank charges SWIFT charges (per document) 30 Courier charges (per document) 40 Postage charges (per document) by registered post Page of 22
8.5 Export Documentary Collections Charges to send the documents on collection and advise collecting bank Handling commission SWIFT charge per message Courier charges per document 40 Postage by registered post (per document) Acceptance/Payment tracers SWIFT charge per message to inquire status of acceptance/payment from collecting bank Amendment Handling commission SWIFT charge per message to advice collecting bank of amendments Courier charges per document Postage by registered post (per document) Payment Retirement commission Negotiation commission Minimum commission SWIFT charge per message Courier charges per document 40 Postage by registered post (per document) Foreign bank charges 20 20 40 1% 25 Page 16 of 22
9. Trade Related Services Inland Letter of Credit (L/C) 9.1 Issuance of Inland Letter of Credit (L/C) Sight L/C's: L/C issuance commission (per quarter) - from date of issuance to date of expiry 0.35% 0.35% Usance L/C's: L/C issuance commission (per quarter) - from date of issuance to date of expiry and L/C issuance commission (per quarter) - from date of expiry plus Usance period of the L/C 0.35% 0.35% Minimum commission 200 Maximum commission 2,500 250 Processing charges for inland L/C's (if not sent by SWIFT) 200 SWIFT charge (if sent via SWIFT) 500 40 L/C advising, negotiating, reimbursing bank charges (if on applicant) 9.2 Advising Charges Inland Letter of Credit (L/C) L/C advising commission (if beneficiary is BML customer) 200 20 Amendment advising commission (if beneficiary is BML customer) 100 10 9.3 Other local bank charges Local bank charges - advising, negotiating, reimbursing bank charges (if on applicant) Page 17 of 22
9.4 Amendment Sight L/C's: Amendment commission - increase in amount (per quarter) on the enhanced amount - from date of issuance to date of expiry 0.35% 0.35% Usance L/C's: Amendment commission - increase in amount (per quarter) on the enhanced amount - from date of issuance to date of expiry and from date of expiry plus Usance period of the L/C 0.35% 0.35% Sight L/C's: Amendment commission - extension of validity (per quarter) on the outstanding amount from date of issuance to date of expiry 0.35% 0.35% Usance L/C's: Amendment commission - extension of validity (per quarter) on the outstanding amount - from date of issuance to date of expiry and from date of expiry plus Usance period of the L/C 0.35% 0.35% Amendment commission (other) - per amendment 100 10 Minimum commission 100 Maximum commission 2,500 250 Processing charges for Inland L/C's (if not sent by SWIFT) 100 10 SWIFT charge (if sent via SWIFT) 200 9.5 Cancellation of Inland Letter of Credit (L/C) Cancellation fee - cancellation of L/C's expired unutilized 0 12 Cancellation fee - cancellation of L/C's expired unutilized (foreign bank charges) Cancellation fee - cancellation of L/C's prior to expiry 0 12 Cancellation fee - cancellation of L/C's prior to expiry (communication cost - per SWIFT message) 0 12 Cancelation fee - cancellation of L/C's prior to expiry - (foreign bank charges) Page 18 of 22
9.6 Document Settlement Charges Inland Letter of Credit (L/C) SCHEDULE OF CHARGES AND FEES Retirement commission 0.35% 0.35% Minimum commission 200 Maximum commission 2,500 250 Penal Interest (penal interest will be charged for overdue bills 10 days after receipt of documents for Sight bills and/or 10 days after maturity for Usance bills) 5% 5% 9.7 Negotiation of Documents Charges on Beneficiary (if BML customer) Negotiation of documents 0.50% 0.50% Minimum commission 200 Maximum commission 2,500 250 SWIFT charge (if applicable) - per SWIFT message 200 9.8 Discounting of Documents Charges on Beneficiary (if BML customer) Discounting of documents 1% 1% Minimum commission 200 Maximum commission 2,500 250 Penal Interest (penal interest will be charged for overdue bills 10 days after receipt of documents for Sight bills and/or 10 days after maturity for Usance bills) 5% 5% A charge of 5% p.a. above bank s normal lending rate will be levied for overdue bills 10 working days after receipt of documents for Sight bills and/or 10 days after maturity for Usance bills. Page 19 of 22
10. Card Services 10.1 Card Issuance Fees Joining fee Classic/ Standard/ Green Credit Card 200 Gold Credit Card 500 30 Platinum Credit Card 900 60 Signature/ World Credit Card 1350 90 Corporate Credit Card 750 50 Classic/ Standard/ Green Debit Card 50 3.33 Gold Debit Card 200 13.33 Annual fee Classic/ Standard/ Green Credit Card 450 35 Gold Credit Card 800 55 Platinum Credit Card 00 100 Signature/ World Credit Card 2250 0 Corporate Credit Card 00 100 Classic/ Standard/ Green Debit Card 50 3.33 Gold Debit Card 200 13.33 Supplementary/ Additional Card Annual Fee Classic/ Standard Green Credit Card 200 Gold Credit Card 400 30 Platinum Credit Card 900 60 Signature/ World Credit Card 1350 90 Corporate Credit Card 750 50 10.2 Card Service Fees Applicable for Credit Cards and Debit Cards Card replacement fee 125 10 PIN replacement fee 50 5 Cheque/slip return fee 125 10 Sales slip retrieval/charge back processing fee (for each disputed transaction) 65 5 Applicable for Credit Cards only Cash advance fee 3% (minimum 25) 3% (minimum 2) Over limit fee 65 5 Past due fee 65 5 Copies of statement (per statement) 25 2 Page 20 of 22
10.3 ATM Fees Cash withdrawal fee - BML Cards on BML ATMs SCHEDULE OF CHARGES AND FEES Cash withdrawal fee - Non-BML Cards on BML ATMs 100 Cash withdrawal fee - BML Cards on Non-BML ATMs 0.5% (minimum 25) Balance Inquiry - BML Cards on BML ATMs Balance Inquiry - BML Cards on Non-BML ATMs 10 Free Free 10.4 Cross-border Transaction Fee Cross-border Card Transactions effected in currencies other than Billing Currency ( or ) will be debited to your account after conversion into your card Billing Currency at an exchange rate determined by the respective Card network. This exchange rate is applied on the date the Card Transaction is posted to the Account and may be different from the rate in effect on the date of the Card Transaction. All cross-border transactions processed will be subject to a fee of maximum 10% on the transaction amount. 10.5 Pre-paid Card Fees Card Reload Fee (for Reloadable pre-paid cards and not applicable for MobilePay top-up) 1.5% 1.5% Inactivity Fee (for Reloadable pre-paid cards) per month 1 per month Activation Fee (for Gift Cards) Inactivity Fee (for Gift Cards) 30 per month Note: Inactive Account fee will be applied when thereis no transaction over a period of 3 (three) months for Gift Cards and over a period of 12 (twelve) months for reloadable pre-paid cards. 10.6 Merchant Discount Rate BML Debit Cards and BML Pre-paid cards upto 2.5% upto 2.5% Visa/MasterCard/ UnionPay/ Diners and Discover 2.5% to 3.5% 2.5% to 3.5% American Express 3.0% to 4.0% 3.0% to 4.0% Note: Merchant Discount is a commission paid by the Merchant to the Bank and not charged to cardholder. This rate varies depending on the Merchant volume and type of business. 10.7 Payment Gateway Set-up Fee (one-time),000 1,000 Maintenance Fee 750 per month 50 per month Note: In addition the Merchant Discount applies for transactions through Payment Gateway. All Fees and commission are charged to the Merchant and not to the cardholder. 10.8 POS Cash Withdrawal Fee Cash withdrawal through BML Agents 10 Page 21 of 22
11. BML Internet Banking Internet banking registration/ access fee Free Initial token fee for a new application (optional) 200 Additional token/token replacement fee (optional) 100 Note: Charges apply to Transfers to other Banks (please refer charges under Section 5.3 and 5.6). Page 22 of 22