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Forex Service Charges
A. Documentary Letter of Credit – Import (Both Foreign Currency & Indian Rupee)
| 1. Bill Charges | 0.15% (Minimum Nu.250) as opening commission. |
| 2. Commitment Charges | 0.75% on actual number of days up to the validity of the credit (Minimum Nu.250) |
| 3. Usance Charges | 1.00% on actual number of days up to the validity of the credit (Minimum Nu.250) |
B. Collection – IB/CBC (In FC)
| 1. IB including immediate credit | 1% (minimum Nu.75) |
2. CBC – Cheques/Drafts sent on Collection Basis (In FC)
| 1. up to Nu.10,000/- | Nu.40/- |
| 2. Nu.10,001 to 100,000 | Nu.4/- per 1000 & minimum Nu.40 |
| 3. above Nu.100,000 | Nu.3.50/- per 1000 & minimum Nu.400 & Maximum Nu.10,000 |
C. Purchase/Sale of USD TRAVELLERS CHEQUES
Commission @ 1% flat on equivalent value
D. Remittances (In FC)
| 1. Drafts upto FC 1000.00 | 0.20% plus SWIFT charges if any |
| 2. Drafts above FC 1000.00 | 0.20% plus SWIFT charges if any |
| 3. Transfer via SWIFT | 0.20% (Minimum Nu.100) plus transmission chrages of Nu.200 for TTs & Nu.700 for LCs |
| 4. Postage on actual basis | Actual basis |
General on (Foreign Exchange)
- Besides the above, in all transactions, all actual direct expenses and/ or postage/ telex/courier/ telephone/ fax charges etc, wherever applicable, minimum Nu.250/- and foreign charges shall be recovered.
- Courier charges for forwarding negotiated documents to the issuing bank, in actual, minimum Nu.1000/- per negotiation.
- Collect Nu.500/- per claim for settlement of reimbursement claims
- Document under LC sent for collection, actual courier charges, minimum Nu.500/-
- Telex charges for the full LC transmission, in actual, minimum Nu.1000/- per LC
- For every amendment, telex charges in actual, minimum Nu.250/-
- Commissions and/ or other charges recovered/ received are not refundable
- A charge of Nu.100/- per certificate shall be recovered for issue of certificate/ attestations in respect of export transactions.
Important Links
Foreign Exchange Rate
| Note | Buy | Sell |
|---|---|---|
| US Dollar | 56.65 | 58.50 |
| Pound | 88.55 | 91.00 |
| EURO | 75.45 | 77.55 |
| Yen(100) | 59.65 | 61.30 |
| Swiss Franc | 61.30 | 63.05 |
| Hongkong Dollar | 7.30 | 7.50 |
| Canadian Dollar | 55.75 | 57.30 |
| Australian Dollar | 54.40 | 55.95 |
| Singapore Dollar | 45.25 | 46.55 |
| Danish Kroner | 10.10 | 10.40 |
| Norwegian Kroner | 9.85 | 10.15 |
| Swedish Kroner | 8.75 | 9.00 |
| As on 16-17.06.2013 | ||
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