SCHEDULE OF SERVICE CHARGES Annexure I (Exclusive of Service Tax) Service Tax)w.e.f.lst Ma,2010 1 EXPORT TRANSACTIONS A. Bills Purchased/ Discountedf Negotiated i For each foreign currency and rupee bill 0.1250% (minimum Rs 500.00 0.1250% (minimum Rs.500.00 per purchased / discounted/negotiated: maximum Rs.5000.00) bill (maximum Rs.10000.00) ii. Where the export bill is sent for negotiation to 0.1250% (minimum Rs 500.00 0.12500/. (minimum Rs.500.00 per another bank ir\ India ( due to reason such as LC maximum Rs.5000.00) bill (maximum Rs.10000.00) being restricted ), the following charges shall be collected: iii. For joining in customers guarantees 0.25% (minimum of Rs.500.00) 0.25% (minimum of Rs.500.00) / indemnities and for giving guarantees /indenmities on behalf of customers to other banks in India in respect of discrepancies in documents n otiated und r C iv. In case of overdue export bills purchased / discounted /negotiated ie. where the proceeds are not received in Nostro account on or before the due date, additional comission shall be char ed a under: a. upto Rs. 5.00 Lakhs or equivalent: Rs.250.00 per bill per quarter 0 Rs.250.00 per bill per quarter or pa part thereof on realization/ thereof on realization/ reimbursement for the period reimbursement for the period beyond due date. beyond due date. b. Over Rs. 5.00 Lakhs or equivalent: Rs.500.00 per bill per quarter or Rs.500.00 per bill per quarter or par part thereof on realization / thereof on realization / reimbursement for the period reimbursement for the period beyond due date. beyond due date. B Ex ort Bills for collection: i Commission on export bills for collection and export under consignment arrangements shall be recoverable as under:. Foreign Curren and Ru!2ee Ex!2 rt Bills 0.10% (minimum Rs 500.00 per 0.1250% (minimum Rs.500.00 per bill maximum Rs.5000.00 bill maximum Rs.I0000.00) Note: These charges are also recoverable fro the exporters where 100% advance paymen towards exports is received, as well as where the documents have been sent by the exporter directly to the overseas buyer as permitted ii. In case of overdue export bills sent 0 collection ie. where proceeds are not received' India on or before the due date, additional commission shall be charged as under:
,,' \../..: '" ". (Exclusive of Service Tax) Service Tax)w.e.f.1st Ma,2010 a. upto Rs. 5.00 Lakhs or equivalent: Rs.250.00 per quarter or par Rs.250.00 per quarter or par thereof..thereof. b. Over Rs. 5.0G Lakhs or equivalent: Rs.500.00 per quarter or p Rs.500.00 per quarter or p thereof. thereof. C. COMMISSION IN LIEU OF EXCHANGE: i. Where preshipment advance has been granted 0.10% (minimum Rs.500.00) 0.10% (minimum Rs.500.00) by the bank against LC j export order but the (maximum Rs.10000.00) documents under the relative LCjexport order are negotiated through another bank. n. Where the proceeds of an export b. 0.10% (minim Rs.500.00) 0.10% (minimum Rs. 500.00) negotiated by the bank are paid in foreign (maximum Rs.10000.00) curren to another Authorised Dealer. ill. Where an export bill is sent for collection 0.10% (minimum Rs.500.00) 0.10% (mimimum Rs.500.00) abroad by the bank but the payment is received (maximum Rs.10000.00) in Rupees through another Authorised Dealer in India. iv. Where an export bill is negotiated 0.10% (minimum Rs.500.00) 0.10% (mimimum Rs.500.00) jpurchased jsent for collection and the (maxinlum Rs.10000.00) proceeds thereof are credited to foreign currency (EEFC) account in part or full, on the foreign currency amount credited to EEFC account v. Deemed export bills in foreign currency as 0.10% (minimum Rs.500.00) defined by RBIjEXIM policy from time to time. 0.10% (mimimum Rs.500.00) (maximum Rs.10000.00) D. EXPORT LETTERS OF CREDIT Letters of Credit include letters of credit and standb letters of credit. i. a. Advising commission for each export LC Rs.1000.00 per LC Rs.I000.00 per LC b. Advisin amendment of each e ort LC Rs.500.00 per amendment Rs.500.00 er amendment -) c. Advising commision for export LC as second Rs 500.00 per LC / Ammendment Rs 500.00 per LC j Ammendment advisin bank. n. Addin confirmation to the ex ort LC a. Commitment charges for full validity of the 0.15% for every quarter or p 0.15% for every quarter or pa LC thereof (minimum Rs. 500.00) thereof (minimum Rs. 500.00) b. Usance charges according to the tenor of the bill: Demand bills 0.15% (minimum Rs.500.00) 0.15% (minimum Rs.500.00) l.
.. (Exclusive of Service Tax) Service Tax)w.e.f. 1st Ma,2010 Usance bills 0.30% per quarter 0.30% per quarter In case of extension of LC to which confirmation has been added by the bank, if such extension exceeds three months from the date of LC, additional commitment charges will be re v r dasab v When the amount of LC confirmed by the bank is subsequently increased, both commitment an usance charges as above shall be recovered on the amount so increased.. E. TRANSFERABLE LEn"ERS OF CREDIT When transferable export LL is transferred to Each advise of transfer- Rs.1000.00 Each advise of transfer- Rs.1000.00 another beneficiary ( whether full or part and Every amendment- Rs.500.00 whether endorsed on credit itself or not) F. ACCEPTANCE COMMISSION Every amendment -Rs.500.00 LC calling for usance bills to be drawn on and 0.15% per month. 0.15% per month. acce ted the bank. G. CERllFICATES Issue of certificates / attestations, endorsements Rs.100.00 per certificate / Rs.200.00 per certificate / attestation etc. in respect of export transactions attestation 2 IMPORT TRANSACllONS A. A lication of char es: i For establishing Import LC including standby 0.1250% for every quarter or p 0.1250% for every quarter or par LC: thereof (minimum-rs.500.00) thereof (minimum-rs.500.00) a. Commitment charge for full validity of the LC b. Usance charge according to tenor of the bill: At si ht LC 0.1250% (minimum R.9.500.00) 0.1250% (minimum Rs.500.00) Usance LC 0.25% per quarter (minimum 0.25% per quarter (minimum Rs.1000.00) Rs.1000.00) For the purpose of levying commitment and ; usance charges the total amount committed inclusive of interest amount and tolerance lev shall be reckoned. In case of LC established against 100% cash 50% of normal charge 50% of normal charge de osit as securi minimum Rs. 1000.00 minimum Rs. 1000.00 Any amendment to the LC, other than extensio Rs.500.00 per amendment Rs.500.00 per amendment of its validity or enhancement of its value: CO-Of'.0-.. )(jt. '?' "t'',,, :. )
e,... (Exclusive of Service Tax) Service Tax)w.e.f. 1st Ma,2010 REMARKS: In case of amendment altering the tenor of Bill 0 Exchange, appropriate additional usance charge shall be collected on the outstanding liability under LC at sti ulated rate In case of enhancement of the value of LC, both commitment and usance charges as applicable to establishing LC shall be recovered for the additional amount on outstanding liability under the L. Any revival or reinstatement of an expired LC shall be at the option of the bank but within 3 months from the date of expiry and shall be subject to recovery of usance charge and commitment charge from the date of expiry and..' upto the validity period of the revived LC. I Each enhancemento be considered separately I without addin to ori' LC. No refund of commission shall be allowed. B. REVOLVING LETTER OF CREDIT On revolving letter of credit established as per Same as applicable to Impo Same as applicable to Impo provisions of Trade and FEMA regulations and Letter of Credit Letter of Credit for restoration of the credit to the extent 0 drawings honoured ( whether the letter of credi specifies the maximum amount of total drawings or the maximum amount of the drawing permitted at anyone time) the charges recoverable at the time of establishment: Reinstatement char es: Upon reinstatement under Revolving letter of Same as applicable to Import Same as applicable to Import Letter credit: Letter of Credit of Credit c. DEFERRED IMPORTS Commission on letters of credit covering impo 0.50% per quarter or part thereo 0.50% per quarter or part thereof 0 of goods on deferred payment terms involving on the amount of liability at the the amo'unt of liability at the payments beyond a period of six months from begiruring of every quarter begiruring of every quarter -upfront the date of shipment over a period of time as upfront defined. FEM : D. CRYSTALLISAllON OF IMPORT BILLS UNDER LETTER OF CREDIT If crystallisation of the Rupee liability of an Actual Swap OIarges and Interest Actual Swap OIarges and Interest import bill under Forward Exchange Contra, results in earl late delive : ' Each foreign currency import bill received und 0.1250% 0.1250% LC at the time of retirement or crystallization whichever is earlier' If the import bills are not retired within 10 days 0.1250 %(minimum Rs 1000.00) 0.1250 %(minimum Rs 1000.00) after the receipt of documents in case of demand bills or on due date in case of usance bills a late payment commission shall be recovered: Foreign currency bill received under LC 0 0.125 % (minimum Rs 1000.00) 0.1250 % (minimum Rs 1000.00) which no exchange benefit accrues to the bank Discrepancy charges in case of non-conforming USD 75.00 or its equivalent per USD 75.00 or its equivale' \. C 0'0",- 6' \ documents under LC documents documents Q",.'{.) \'"' \ V ;y..) '( ok 'l'fcu;;fe.?r..c..\ '-':..;/J,iIISp..\ ;'---'/ :;;
.@ (Exclusive of Service Tax) Service Tax)w.e.f. 1st Ma,2010 E. IMPORT NON-LC BILLS Each foreign currency pill on which the bank 0.20% (minimum-rs.1000.00 ) 0.25% ( minimum-rs.1000.00 ) earns exchan e benefit. : Each bill dra,wn in Rupees I foreign currency 0 0.35% ( minimum-rs.1000.00 ) which no exchange benefit accrues to the bank IMPORT DOCUMENTS RECEIVED F. DIRECTLY BY IMPORTERS In case of documents received directly from the 0.10% (minimum -Rs.1000.00) 0.1250"/0 (minimum -Rs.1000.00) overseas ex orters Ibanks COUNTERSIGNING ICO-ACCEPT ANCEl 0.10% per month or part thereo 0.10% per month or part thereof for G. A V ALISAnON OF IMPORT BILLS for the tenor of the bills the tenor of the bills H. MISCELLANEOUS TRANSACTIONS i. In lieu of exchange, import bills payments 0 0.10% 0.125% which are settled out of foreign currency loan arranged abroad, foreign currency accounts and EEFC accounts. ii. 1m ort bills for collection Where the bills are forwarded to another bank to Handling charges of Rs.1000.00 Handling charges of Rs.1000.00 remit the proceeds to remitting bank abroad per bill per bill. 3 MERCHANTING TRADE A. Back to Back letters of credit will be treated as Commission as applicable to Commission as applicable to se arate transactions Import LC 1m ort LC 1 the foreign currency remittances are received 0.10% (minimun Rs 500.00) 0.10% (minimun Rs 500.00) in advance from the overseas buyer, at specific request of merchanting trade customer the same may be held in foreign currency funds in Nostro Account without converting the amount in Indian Rupee till the date of payment to the overseas supplier. No interest is payable on such advance remittances or grant rupee advance against foreign currency funds thus received. B. 4 CLEAN INSTRUMENTS ; A. Inward remittances a. Encashment of ITs I Purchase of MIs IDDs Rs.500.00 per transaction in respect of which cover has been received in Nostro Accounts Rs.500.00 per transaction b. Where the inward remittance has to be 0.10% (from the beneficiary or 0.10% (from the beneficiary 0 executed in foreign currency by issuing a beneficiary's bank as the case may beneficiary's bank as the case may DD/MII a ent order lit be) be) L--CO g\\\'" -Vp. "-?? ('c; -\ '? ofj..,. --'i",.;..." \ t";'.-"'" I, iii "'" :., I '* C :'.. \ -t.'.'w". -lj..=ft.;:;..'to:f ",- ".,.,.'vivl l r...", - ::.'.'
I 0..'. " (Exclusive of Service Tax) Service Tax)w.e.f.1st Ma,2010 B. CLEAN INSTRUMENTS FOR COLLECllON a. Oean instruments sent for collection abroad 0.20% per instrument (minimum- 0.20% per instrument (minimum- Rs.100.00) Rs.100.00) b..in respect of foreign currency instruments O1arges as applicable to OBC Charges as applicable to local favouring resident beneficiaries sent fo OBC collection within India.c. Foreign Currency instrument return charges Overseas Correspondent b Overseas Correspondent ba I charges at actual plus Rs.100.00 charges at actual plus Rs.100.00 I, f C. CERnFICATES, For issuing bank certificates on security paper / letter heads in respect of payment of clean remittances from abroad and / or for encashment of foreign currency travellers che ues forei curren n tes Rs 200.00 er certificate Rs 200.00 er certificate D. OU1WARDREMITTANCES All outward remittances such as TIs / DDs 0.1250% (minimum Rs.100.00 0.15% (minimum Rs.200.00) maxium Rs 25000/- In case of TIs, SWIFT charges will be recovered: Rs.300.00 Rs.300.00 In respect of part or full advance remittance against imports: Commission as applicable to Commission as applicable to import biils on collection basis. import biils on collection basis. ISSUE OF FOREIGN CURRENCY TRA YELLERS CHEQUES / CURRENCY NOTE E. 1. Foreign Currency Travellers Cheques issued 1 % on rupee equivalent 1 % on rupee equivalent to customers 2. Foreign Currency Travellers Cheques issued 0.125% 0.1250% against foreign currency remittances received from abroad F. EEFC ACCOUNTS: a. Outward remittance to the debit of EEF 0.10% (minimum- Rs.500.00 ) 0.10% (minimum- Rs.500.00 ) account of the customer ( in lieu of exchange) b. Where proceeds of inward remittances are 0.10% in lieu of exchange 0.10% in lieu of exchange (minimum credited to EEFC acc;ount of the customer (minimum Rs 500.00) Rs 500.00) Remarks: the above charges are not applicatble to non interest bearing EEFC accounts :E <t :J::...-'
-,,. 6)., 5 GUARANTEES (Exclusive of Service Tax) Service Tax)w.e.f.1st Ma,2010 arantees and char es i. Guarantees in favour of shipping companies / agencies for clearance of goods pending :::.. roduction of bill of ladin :. a. relating to imports under LCs opened by the Flat Rs.1000.00 Flat Rs.1000.00 bank ' b. others not covered a above 0.25% per quarter 0.25% er uarter ii. Export Performance guarantees for projec a. Guarantees covered by ECGC a, Guarantees covered by ECGC ex orts which include: counter guarantees: counter arantees: a. Bid -bonds 75% Cover- Applicable ECGC 75% Cover- Applicable ECGC premium plus conunission @ premium plus commission @ 0.45% 0.45% b. Bonds for earnest money 90% cover- Applicable ECGC 90% cover- Applicable ECGC premium plus conunission @ premium plus commission @ 0.35% 0.35% c. Guarantees for advance payment made by b. Guarantee issued against 100% b. Guarantee issued against 100% foreign buyers to Indian Exporters / contractors counter guarantee of Govt. 0 counter guarantee of Govt. 0 India -0.40 % per annum India -0.40 % per ann (minimum Rs 1000.00) (minimum Rs 1000.00) c. Guarantees issued against cash c. Guarantees issued against cash deposit to the extent of b deposit to the extent of b liabilities -0.25% p.a. (minimum liabilities -0.25% p.a. (minim Rs. 1000.00) Rs. 1000.00) d. Guarantees not covered by a,b,c d. Guarantees not covered b 2.00% p.a. a,b,c- 2.00% p.a. ill. Export performance guarantees, Bid -bonds 0.085% per month for the 0.085% per month for the etc. ( other than project exports) and Expo specified period of liability. Where specified period of liability. performance guarantees covering expo the guarantee pri.od is less Where the guarantee period is obligations in terms of import trade contro13months, COmmlSSlon of 0.25% 0 less than 3months, commission 0 regulations and export performance guarantees the guarantee amount. In case 0 0.25% of the aranteed amount. / b'd b ds d.th early redemption of the guarantee, gu. i 1 on connecte WI deemed exports... f 50 / f..in case of early redemption of the mlrumum 0 100 COmmlSS1O for the unexpired period shall be guarantee, minimum of 50% 0 refunded. In case of bid bond commission for the unexpired guarantees, if the bid gets period shall be refunded. In case frustrated, commission shall no of bid bond guarantees, if the bid be refunded.. gets frustrated, commission shall not be refunded. iv. Deferred Payment guarantees covering 0.50% per quarter or part thereo 0.50% per quarter or part thereo imports of goods into India/repayment 0 for the specified period of liability for the specified period 0 foreign currency loans. at the beginning of the quarter. liability at the beginning of the uarter. \"\. ' \ ",- '" Co- 'C.. \ "'" ṟ I /.,.'!!> 0 '"
.- j,,.., (Exclusive of Service Tax) Service Tax)w.e.f.lst May,2010 v. All other guarantees. 0.15% per month for the specified 0.25% per month. liability. Where the guarantee period is less than two months - 0.25%.commission In case of early redemption 50% of In case of early redemption 50% will be refunded for of commission will be refunded unexpired period, provided it is for unexpired period, provided i ' not less than 3 months. is not less than 3 months.., Minimum charge for any Minimum charge for any, guarantee shall be Rs.500.00,v;uarantee shall be Rs.1000.00 Commission to be collected Commission to be collected upfront upfront. vi. Buyer's Credit 0.25% per month. 6 FORWARD EXCHANGE CONTRACTS Rs.500.00 per contract Rs.500.00 per contract i. Each Sale or Purchase Contract. No charge in respect of exchange No charge in respect of exchange contract booked on behalf of NRI contract booked on behalf of NRI customers. customers. n. Early delivery, extension and cancellation of Rs.500.00 per transaction Forei n Exchange Contracts. 7 MISCELLANEOUS CHARGES Rs.500.00 per transaction A. SWlFI' chares-l: Import LC. Rs.1500.00 per message Rs.1500.00 per message B. SWlFI' charges- ll: Outward Remittance Rs. 300.00 per message Rs. 300.00 per message instructions. C. SWlFI' charges- m:confirmations/ reports/ Rs. 200.00 per message Rs. 200.00 per message enquiries D. Courier charges- I: Export Bills Rs. 1000.00 per bill ( subjecto Rs. 1000.00 per bill ( subject to change of tariff by courier change of tariff by couriel company) company) In case if the bill is to be sej1t in two sets, additional Rs. 500.00 to be collected. E. Courier chares -ll: Advisin Export LC Rs. 100.00 Rs. 100.00 F. Postage Charges:- Despatch of Foreign Rs. 40.00 (Subject to change) Rs. 40.00 by post Curency instruments Rs.750.00 by COlmer Subject to chanqe) '"... I, I". '."{,1;;v 6:"FE?f'.\'o.\1:) Ii