Forex Service Charges

Forex Service Charges

1. Documentary Letter of Credit – Import (Both Foreign Currency & Indian Rupee)

a Bill charges Bill charge 0.15% (Min. Nu.250) as opening
commission
b Commitment charges Commitment charge 0.75% on actual number of days up to the
validity of the credit (Min. Nu.250)
c Usage charges Usage charge 1.00% on actual number of days upto the
validity of the credit (Min. Nu.250)

2 . COLLECTION – IB/CBC (IN FC)

a IB including immediate credit 1% (Min. Nu.75)
b CBC – CHEQUES/DRAFTS SENT ON COLLECTION BASIS (IN FC)
i Upto Nu.10,000.00 Nu.40/-
ii Nu.10,001.00 to 100,000.00 Nu.4/- per 1000 & Min. Nu.40
iii Above 100,000.00 Nu.3.50/- per 1000 & Min. Nu.400 & Max. Nu.10,000

3 .PURCHASE / SALE OF USD TRAVELLERS CHEQUES

PURCHASE / SALE OF USD TRAVELLERS CHEQUES Commission @ 1% Nu. on equivalent value

4. REMITTANCES (IN FC)

a Drafts upto FC 1000.00 0.20%
b Drafts above FC 1000.00 0.20%
c Transfer via SWIFT 0.20% (Min. Nu.100) plus transmission charges of Nu.200 for TTs & Nu.700 for LCs
f Postage Charge Actual Postal fee (Nominal Nu. 200)

5. GENERAL ON (FOREIGN EXCHANGE)

a Besides the above, in all transactions, all actual direct expenses postage/ telex/courier/ telephone/ fax charges etc. Nu.250/- per application
b Courier charges for forwarding negotiated documents to the issuing bank Nu.1000/-
c Settlement of reimbursement claims Nu.500/-
d Document under LC sent for collection, actual courier charges Nu.500/-
e Telex charges for the full LC transmission, in actual Nu.1000/- per LC
f For every amendment, telex charges in actual Nu.250/-
g Commissions and/or other charges recovered/received are not refundable
h per certificate shall be recovered for issue of certificate/ attestations in respect of export transactions Nu.100/-