Trade Finance and Services - Charges Proposed Existing 1) Letters of Credit ( Outward ) and Co-acceptances Type of Charges A) IMPORTS a) Issuance/Amendment/ Revival charges - sight LC's ( Commitment ) b) Issuance charges/amendment/revival charges - Usance LC's ( commitment plus usance charges ) c) Issuance/ Reinstatement/ Amendment charges for a d) Issuance/ Reinstatement/ Amendment charges for a Revolving LC - usance Product Name in FCC Commission/Exchange Swift/ Postage Changes IMLS IMLU IMLS IMLU 1 % pa from date of issuance till date of expiry plus 15 days, minimum Rs.2000. Amendment not invloving an increase in tenor will be Rs.2000 per amendment. 1000 1% pa from date of issuance till date of expiry plus usance increase in tenor will be Rs.2000 per amendment. 1000 Rs.2000 Rs.2000 2.25% pa from the date of issuance till date of expiry, minimum Rs.2000. Amendment not invloving an increase in tenor will be Rs.2000 per amendment. 1000 2.25 % pa from date of issuance till date of expiry plus usance period, minimum Rs.2000. Amendment not amendment. 1000 1.00% p.a (min. Rs.1,000/-) for the commitment period i.e. from date of issue to date if negotiation OR expiry, whichever is earlier + SWIFT charges Rs.1000/-; Amendment Rs 1000 flat plus Swift 500 1.00% p.a for the commitment period i.e. from date of issue to date if negotiation OR expiry, whichever is earlier + SWIFT charges Rs.1000/- e) LC issuance with confirmation clause, confirmation being arranged by Dhanlaxmi bank Normal LC issuance charges plus Rs.2000 for arrangement of confirmation. IMLU/IMLS/ 2) Bills handled under Import LC issued a) Retirement charges IMCS/IMCU 0.25% minimum Rs. 1,000 b) Crystalisation IMCS/IMCU 0.45% minimum Rs.2500 0.35% 3) Inward Import Bills for a) Retirement charges FIBS/FIBU 0.35% Rs. 1,000 (0.15%) collection-non LC b) Dishonoured Bill return charges FIBS/FIBU Rs.2000 or equivalent Rs. 1,000 0.25% a) Direct import bill payment- Swift mode FIBS/FIBU 0.25% Rs.1200 Rs. 1,000 (0.125%) 4) Direct Import Bill payments 0.25% of Draft amount ( minimum INR 500 for USD, b) Direct import bill payment - Draft mode FIBS/FIBU minimum INR 1000 for all other currencies). 0.25% a) Advance payment- Swift mode FOTT 0.25% Rs.1200 Rs. 1,000 (0.125%) 5) Advance payment for imports Up to USD 500 or equivalent: 0.25% of Draft amount ( minimum INR 500 for USD, minimum INR 1000 for all other b) Advance payment- Draft mode FOTT currencies 6) Countersigning/ Coaccepatance of Bills of Exchanges guaranteeing 1.25 % pa from date of issuance till date of expiry, payment on due date minimum. 1% pa from date of issuance till maturity date minimum 7) Letter of undertaking (LOU). Addl arrangement fee Rs1000, if arranged towards availing Buyers credit ECB2 through Dhanlaxmi Bank Rs. 1,000 8) Buyers Credit repayment ECB2 Rs.500 handling charges 0.25% of bill amount ( min. Rs.1000) 0.15% of bill amount ( min. Rs.1000) SWIFT mode: 0.125% of bill amount ( min.rs.1,000) + SWIFT charges Rs.250 0.25% of draft amount (min.rs.500. for USD drafts, min. Rs.1000 for other currencies). SWIFT mode: 0.125% of bill amount ( min.rs.1,000) + SWIFT charges Rs.250 Same as LC issuance pricing. If import is non-lc backed. Commission of 1.00% p.a.(min Rs.1000) to be levied. 9) LC secured by 100% Fixed Deposit margin 10) LOU for availing Buyers credit secured by 100% margin IMLU//IMLS ECB2 1 % pa from date of issuance till date of expiry plus 15 days, minimum Rs.1000. Amendment not invloving an increase in tenor will be Rs.1000 per amendment. 1000 1 % pa from date of issuance till maturity date minimum Rs.1000. Rs. 1,000 As per Sanction 1 % pa from date of issuance till date of expiry plus 15 days, minimum Rs.1000. Amendment not invloving an increase in tenor will be Rs.1000 per amendment. a) Import payment later than 6 months from the date of shipment (excluding capital imports) - AD approval Rs. 1,000 b) Import License endorsement cancellation in case of replacement imports and remittance approval Rs. 2,000 c) AD approval for documents received directly by importer Rs. 1,000 d) AD approval for receipt of documents directly by AD from overseas supplier Rs. 1,000 e) Obtaining Credit reports of Overseas Buyers/Suppliers on behalf of our customers Rs. 1,000 plus agency cost
1) Inward Letters of Credit / Guarantees 2) Advance Remittance received for Exports 3) Packing Credit 4) Export Bills under LC/ non-lc 5) Project Exports 6) Miscellaneous (In addition to applicable charges) f) Bill of entry not received within 3 months from the date of remittance - for the followup process Upto USD 1Lac Rs 500; Above USD 1lac Rs1000 per Quarter g) If CA certificate not provided within 6 months from the date of import for non physical imports - if the remittance done through Dhanlaxmi Bank - for followup Upto USD 1Lac Rs 500; Above USD 1lac Rs1000 h) Merchanting trade transactions Rs. 1,000 i) Custody charges for overdue import bills per Quarter B) EXPORTS a) Advising of inward letters of credit / Guarantees ( Export) or their amendments ELCA Rs.1250/ or USD 25 subject to arrangement with correspondent bank if any if recovered from Foreign client b) Transfer of Export letter of credit Rs.500 for each inland tranfer/ USD 25 for Rs.2000/ or USD 35 subject to arrangement with each international correspondent bank if any if recovered from Foreign client tranfer c) Handling charges for bills under Tranferred LC FBLU/FBNS/F BNU/FBPS 0.25% of the Bill amount minimum Rs.1000 500 d) Confirmation charges on any inward LC/ Guarantee ELCC e) Issuance/Amendment of Guarantee against inward Counter Guarantee of a foreign bank Sight LC: 2 % pa from date of issuance till date of expiry plus 15 days, minimum Rs.2000. Amendment not amendment. Usance LC: 2 % pa from date of issuance till date of expiry plus usance increase in tenor will be Rs.2000 per amendment. 2 % pa from date of issuance till date of expiry plus claim increase in tenor will be Rs.2000 per amendment. Rs. 1250/- (750) 2% with min Rs. 2000/- () Advance Remittance for Export Recd FITT Upto Rs 1Lac Rs 100; Above Rs 1lac 250 Nil a) PCFC / Rupee PC. FCPC/LNPC Upto 000 or equivalent > Rs.500, Above Rs.500000 or equivalent > Rs.1000. a) Export Bills for collection including under consignment ALL exports PRODUCTS 0.125% (0.0625%) 0.125% of the bill amount minimum Rs.1000. Rs. 1,000 b) Negotiation / Discounting - handling charges Rs.1000/- Rs. 1,000 Rs. 1,000 (750) c) Overdue bills - Handling charges Rs. 1,000 per Quarter d) Crystallisation of negotiated/discounted bills Rs. 1,500 e) Dishonoured bills- Handling charges Rs. 1,500 f) Handling GR of bills under direct depatch from Exporter Rs. 1,000 g) Export Bills drawn and collected in rupees, foreign currency bills (negotiated, purchased, discounted) where proceeds are received in rupees through other banks.) 0.125% of the bill amount minimum Rs.1000. a) Application for processing by Bank/ RBI Rs. 25,000 b) Any subsequent reporting/ related correspondence or submission of documents or information with/to RBI a) GR Waiver approval b) Approval to realise export bill in case of part drawings/undrawn balances c) Consignment exports- handling charges d) Approvals for opening/ hiring warehouses abroad Rs. 1,000 e) Approval for direct despatch for regular customers - one time basis (valid for 1 year) Rs. 1,500 f) Approval for regularisation of direct despatch cases Rs. 1,000 Rs.750 Rs. 1000/- (750) /- Advising Charges as per Point (13) above + Confirmation charges ( to be advised by IFIG & TF Sales for each transaction) Rs.500. for disbursement up to Rs.500000; Rs.1000 for disbursements above Rs.500000. Bill handling charges: 0.0625% of Bill amount (min Rs.750); Courier: Rs.1000; Interest rate (if applicable) : as per arrangement Bill handling charges: Rs.750; Courier: Rs.1000; Interest rate (if applicable) : as per arrangement
1) Inward Letters of Credit / Guarantees 2) Letters of Credit ( Outward ) and Co-acceptances g) Handling of GR in case of shut out shipments h) Arranging approval from RBI for opening Escrow accounts for Counter Trade agreement Rs. 2,000 i) Arranging approval from RBI for export of goods on lease, Hire etc Rs. 2,000 j) Arranging approval from RBI for export on elongated credit terms Rs. 2,000 k) Approval for delay in submission of GR Rs.500 l) Export bills getting reported in XOS m) Approval for reduction in invoice value n) Approval for claims on exporters o) Extension/self write off by exporters- AD handling charges p) Approval by AD/ RBI for extension/ write off Rs. 1,000 q) Approval for write off in case of claims received from Insurance companies Rs. 1,000 r) Handling of cases where shipment is lost in transit s) Approval for Netting off for units in SEZ Rs. 1,000 t) Approval for set off of export receivables against import payables Rs. 1,000 u) Approval for remittance of agency commission on exports v) Approval for refund of export proceeds Rs. 1,000 w) Issuance of FIRC (Foreign Inward remittance (/- Rs.100 certificate) (100) x) Approval for GR in case the exporter is in the caution list y) Uploading ebrc details to DGFT Rs.100 Now made Rs. 50 (Subsequent to PPAC approval DGFT has requested our MD to waive the charges for ebrc and hence approved by MD on 29.01.14) Free as recommend ed by DGFT. C) DOMESTIC a) Advising of inward letters of credit / Guarantees ( Rs. 1000/- Rs.750 Domestic ) INLA Rs. 1,000 (750) b) Transfer of domestic Letter of Credit INLA Rs. 1,000 1.00% p.a (min. Rs.1000) for the commitment period, i.e from 1% pa from date of issuance till date of expiry plus 15 days date of issue to date of negotiation OR expiry whichever is a) Issuance/Amendment charges - sight LC's (, minimum. Amendment not invloving an increase Commitment ) INLS in tenor will be per amendment. earlier b) Issuance charges/amendment - Usance LC's ( commitment plus usance charges ) c) Issuance/ Reinstatement/ Amendment charges for a d) Issuance/ Reinstatement/ Amendment charges for a INLU INLS 1% pa from date of issuance till date of expiry plus usance period, minimum. Amendment not invloving an increase in tenor will be per amendment. 2.25% pa from the date of issuance till date of expiry plus 15 days, minimum Rs.2000. 2.25 % pa from date of issuance till date of expiry plus usance period, minimum Rs.2000. Amendment not amendment. INLS 3) Bills received under Domestic LC a) Retirement charges ILC2 0.25% minimum 0.25% Rs. 4) Inward Domestic Bills for collection-non LC 5) Inland Bills purchased/discounted (LC/Non LC) 6) Invoice Financing 7) Outward collections a) Retirement charges IBC1/IBC2 For Bills upto Rs.10000 For Bills above Rs.10000, For Bills upto Rs.10000 UBD1/CBP1/ CBP2 For Bills above Rs.10000. Rs. 4 per thousand (subject to Rs.100 per bill Rs. 4 per thousand subject to a minimum of Rs.100 Rs.100 per bill For Bills above Rs.10000, INVF Rs. 4 per thousand subject to a maximum of Rs.100 LC backed Bills OBC1/OBC2 RS. 2000 per bill Rs. 100/- Rs. 100/- Rs. 100/- Rs. 100/- Rs.2000/- (1500) 1.00% p.a (min. Rs.1000) for the commitment period, i.e from date of issue to date of negotiation OR expiry whichever is earlier Bill handling charges : per bill ; Interest rate( If applicable); as per arrangement; Courier: Rs.250
7) Outward collections For Bills up to Rs. 10000, Rs. 50 per Bill and above Rs. 10000/- Rs. 4 per Non-LC Bills OBC3/OBC4 RS. 1500 per bill Rs. thousand, subject to min Rs. 50) Rs. 2000/- Bill handling charges : per bill ; Interest rate( If LC backed Bills OBC1/OBC2 RS. 2000 per bill (1500) applicable); as per arrangement; Courier: Rs.250 D) GUARANTEE SFMS CHARGES Rs. 1.5% 1.25% p.a.( min Rs.1000) a) Performance Guarantees BG01 1.5%.p.a ( ) 500/- (1.25%) b) Performance Guarantees ( 100% margin cases ) BG01 0.75 % p.a minimum Rs. 1500 0.75 % p.a minimum Rs. 1000 1) Bank Guarantees / Standby LCs (Domestic), Issuance or SFMS CHARGES Rs. 500/- 1.50% p.a. (min Rs.1000) amendment c) Financial Guarantees BG01 1.5%.p.a ( ) d) Financial Guarantees (100% margin cases ) BG01 0.75 % p.a minimum Rs. 1500 0.75 % p.a minimum Rs. 1000 e) Amendment without change in value or period Rs. 1,500 SFMS CHARGES Rs. 500/- as above Same as fresh BG issue 1.25% p.a.( min Rs.1000) a) Performance Guarantees BG05 2 %.p.a( Rs.3000) 2% (1.25%) 2) Bank Guarantees/ Standby LCs ( Foreign Currency ), Issuance or 1.50% p.a. (min Rs.1000) b) Financial Guarantees BG05 2.25 %.p.a( Rs.4000) 2% (1.50%) amendment c) Amendment without change in value or period BG05 Rs. 2,000 as above Same as fresh BG issue 3) Delivery order/ Shipping Rs. 2000/- Rs.2500 per transaction Guarantees Delivery order/ Shipping Guarantee IMSG Rs. 2,000 (2500) 4) Miscellaneous All purposes other than the above 1.5%.p.a ( Rs.2000) E) Misc Forex -Remittances /- a) Individuals FOTT (250) /- comm. Plus /- Swift for CASA products 1) Outward A2 remittances Rs. 1000/- including liberalised remittances b) Others FOTT Rs. 1,000 (250) /- comm. Plus /- Swift for CASA products Rs. c) ACU remittances FOTT Rs. 1,500 (250) /- comm. Plus /- Swift for CASA products 2) Inward Remittances excluding Export proceeds FITT Upto Rs 1Lac Rs 100; Above Rs 1lac 250 3) Foreign cheques/other instruments under collection FOBC 0.25% pa 0.25% pa 4) Foreign cheques/other instruments under cash letter 0.50% arrangement FOBC 0.50% pa (0.25%) 0.25% pa F) FDI 1) Automatic route 2) Approval route a) Scrutiny and Handling charges a) Scrutiny and Handling charges Rs. 20,000 Rs. 20,000 b) Reporting charges under same UIN b) Reporting charges under same UIN Rs. 2,500 Rs. 2,500 G) ECB a) Scrutiny and Handling charges Rs. 2,500 b) Reporting charges Rs. 1,000 c) Approval for creation of charge over immovable assets Rs. 2,500 d) Approval for changes or modifications in the drawdown or repayment schedule Rs. 2,500 e) Approval for change in the currency of borrowing Rs. 2,500 1) Automatic or Approval route f) Providing NOC for changing the AD bank to another Rs. 5,000 g) Approval for change in the name of borrower company Rs. 2,500 h) Approval for change in the recognised lender Rs. 2,500 i) Approval for change in the LRN Rs. 2,500 j) Approval for change in the end use of ECB proceeds Rs. 2,500 k) Approval for reduction in the amount of ECB Rs. 2,500 l) Approval for reduction in the all-in-cost of ECB Rs. 2,500 H) ODI
1) Automatic or Approval route 1) Automatic or Approval route 1) Postage 2) Swift a) Scrutiny and Handling charges Rs. 25,000 b) Reporting charges Rs. 2,500 I) Establishment of Project office/ Liaison office a) Scrutiny and Handling charges Rs. 2,500 b) Reporting charges Rs. 1,500 J) General a) Domestic b) International Rs. 1,000 a) Tracers b) Other than tracers 3) Change in Authorised Dealer a) From Our Bank to other bank (seeking our NOC) ODI/FDI cases Rs 2000; Others Rs 500