DRAFTS/BANKERS CHEQUE CHARGES

Sl/No.	Limit	INR REMITTANCE/MCC DRAFTS(INDIA)
a	Upto Nu.100,000	Nu.35/-
b	Nu.100,001 to 1,000,000	Nu.2.00 per 1,000 (Min Nu.35 and Max Nu.2,000)
c	Above Nu.1,000000	Nu.1.75 per 1,000 (Min. Nu.2,000 & Max. Nu.15,000)

 

Sl/No.	Limit	TT/BANKERS CHEQUE(WITHIN BHUTAN)
a	Upto Nu.100,000	Nu.35/-
b	Nu.100,001 to 1,000,000	Nu.2.00 per 1,000 (Min Nu.35 and Max Nu.2,000)
c	Above Nu.1,000000	Nu.1.75 per 1,000 (Min. Nu.2,000 & Max. Nu.15,000)

CANCELLATION/ ISSUANCE OF DUPLICATE/ RE-VALIDATION OF DRAFTS
Nu.100/- per instrument

STOP PAYMENT CHARGE FOR DRAFT
Nu.50 per instrument

DD PURCHASE – BOTH GOVERNMENT & PUBLIC
Max. Nu.100

OC PURCHASE- BOTH GOVERNMENT & PUBLIC
0.5% of value (Max. Nu.20,000)

COLLECTION OF CHEQUES AND DRAFTS WITHIN BHUTAN
Free of  charge

 

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 TRAVELERS CHEQUES

Commission @ 1% Nu. on equivalent value

 

4. REMITTANCES (IN FC)

a	Drafts upto FC 1000.00	0.25% (Min. Nu.100)
b	Drafts above FC 1000.00	0.25% (Min. Nu.250)
c	Transfer via SWIFT	0.20% (Min. Nu.100) plus transmission charges of Nu.200 for TTs & Nu.700 for LCs
d	Inward TT/ SWIFT remittance	Free of Charge
e	Outward TT/SWIFT remittance	0.20%
f	Postage Charge	Actual Postal fee (Nominal Nu. 200)

 

SERVICE CHARGE ON BANK ACCOUNT AND MINIMUM BALANCE

a	Savings account	Max. Nu.150 as annual account maintenance fee and minimum balance not required
b	Current Account	No maintenance fee but levy charges on cheque books
c	Minimum balance to open savings account	Nu.500/-
d	Minimum balance in current account	Nu.1000/-

 

CHEQUE BOOK CHARGES FOR CURRENT ACCOUNT

a	50 leaves of CA cheque book	Nu. 50
b	25 leaves of CA cheque book	Nu. 25
c	Personalized CA cheque book	Nu. 200

 

CHEQUE BOOK CHARGES FOR SAVINGS ACCOUNT

a	First Cheque book	Free of Charge
b	Subsequent issuance	Actual cost of the Cheque book
c	Personalized SB Cheque book	Nu. 100

 

CHEQUE RETURN CHARGES INTRA BANK

a	Cheque returned for insufficient funds	Nu. 300 plus 10% of the cheque value for first offence
		Nu. 300 plus 10% of the cheque value if a cheque is presented for the second time within six (6) months from the date of issue of the cheque.
		Nu. 500 plus 10% of the cheque value if a same cheque is presented for the third time within six (6) months from the date of issue. The cheque facility to the account holder shall be disabled after third offence by the bank for three (3) years.

 

CHEQUE RETURN CHARGES INTER BANK

a	Presentment of cheque	No charge
b	Cheque returned for insufficient funds	Nu. 300 plus 10% of the cheque value
		Nu. 300 plus  10 %  of  the cheque value if the same cheque is presented for  the  second  time  within  six (6) months from the date of issue of the cheque.
		Nu. 500 plus 10%of the cheque value if the same cheque is presented for the third time within six(6) months from  the date of  issue. The cheque facility for the account holder shall  be disabled after third offence by the bank for three (3) years.
c	Cheque returned for  no endorsement by the bank	Nu.100
d	Late delivery of  delivery statement	Nu. 100
e	Second presentment	No charge
f	Presentment of postdated cheque	Nu. 100
g	Presentment of stale dated cheque	Nu. 100

 

STOP PAYMENT CHARGE FOR CHEQUE
Nu.50 per instrument

 

CHARGES FOR USING BANKS OWN ATM (ON-US TRANSACTION)

a	Financial (Cash withdrawal)	Free of Charge
b	Non-Financial (Balance enquiry, statement print, PIN change)	Free of Charge

 

CHARGES FOR USING OTHER BANKS ATM (OFF-US TRANSACTION)

Description		BFS Interoperability for ATM Acquiring
		ATM (Nu.)
Cash Withdrawal / Purchase		9/- after 5 free transaction in Month
Mini Statement		5/-
PIN Change		5/-

 

PoS

a	Charges for using Banks own PoS	Free of Charge
b	Charges for using other banks PoS domestic	Banks are charged Nu.12 per transaction.

 

DEPOSITS/ WITHDRAWAL
INTER-BRANCH cash handling charges: 50% of the TT charges will be levied on cash withdrawals of Nu.1 million and above

 

CHARGES ON BANK STATEMENT REQUEST PRIOR TO CURRENT YEAR (BOTH PRINTED AND SOFT COPY THROUGH EMAIL)

Sl/No.	Period/Duration	Charges	Charges for printed Bank statement	Total charges(duration + print charges)
a	Less than 1 year	Nu.100.00	Nu. 10 per page	100+ (Nu. 10 per page)
b	1 year to less than 2 years	Nu.300.00	Nu. 10 per page	300+ (Nu. 10 per page)
c	2 years to less than 3 years	Nu.500.00	Nu. 10 per page	500+ (Nu. 10 per page)
d	3 years & above	Nu.1,000.00	Nu. 10 per page	1000+ (Nu. 10 per page)
**The charge for Nu. 10 per page for printed bank statement will not be applicable if the statement is issued through mail

 

CHARGES ON INQUIRY RELATING TO OLD RECORDS OF MORE THAN 12 MONTHS

Sl/No	Period/Duration	Charges per record
a	1 year to less than 2 years	Nu. 200
b	2 years to less than 3 years	Nu.300.00
c	3 years & above	Nu.500.00

 

LOCKER – YEARLY RENT

a	Small	Nu.1,000.00
b	Medium	Nu.1,200/-
c	Big	Nu.1,400/-
d	Large	Nu.2,000/-
e	Extra Large	Nu.2,400/-
f	Security Deposits	Twice the rent
g	Lost Keys	Nu.500/- plus actual cost of repair

 

SAFE CUSTODY- YEARLY FEE

a	For Sealed Envelope	Nu.200/- p.a* per Lodgment (per envelope)
b	For Sealed Box( not exceeding size 20cm*14cm*9cm	Nu.400/-p.a* per Lodgment (per Box)
c	Bank’s Own Deposit Receipts/ Documents	Nill

 

BANK GUARANTEE CHARGES

1. INLAND BG CHARGES FOR EMD & BID GUARANTEE

Sl. No.	Limits	Fixed Rates
a	Upto to Nu. 250,000/-	Nu. 500/-
b	Above Nu. 250,000/- to Nu. 500,000/-	Nu. 1,000/-
c	Above Nu. 500,000/- to Nu. 1000,000/-	Nu. 2,000/-
d	Above Nu. 1000,000/-	Nu. 3,000/-

 

2. INLAND BG CHARGES FOR PERFORMANCE AND OTHER

Sl. No.	Limits	Rates(%)
a	Below Nu. 10 Million	3% p.a for actual no. of days (minimum Nu. 500/-)
b	Nu. 10 Million to less than 50 Million	2% p.a for actual no. of days (minimum Nu. 25,000/-)
c	Nu. 50 Million to less than 100 Million	1.5% p.a for actual no. of days (minimum Nu. 83,333/-)
d	Nu. 100 Million and above	0.75% p.a for actual no. of days (minimum Nu. 125,000/-)

 

3. FOREIGN BG CHARGES FOR EMD & BID GUARANTEE

Sl. No.	Limits	Rates(%)
a	Below Nu. 10 Million	2% p.a for actual no. of days (minimum Nu. 500/-)
b	Nu. 10 Million to less than 50 Million	1.5% p.a for actual no. of days (minimum Nu. 16,667/-)
c	Nu. 50 Million to less than 100 Million	1% p.a for actual no. of days (minimum Nu. 62,500/-)
d	Nu. 100 Million and above	0.5% p.a for actual no. of days (minimum Nu. 83,333/-)

 

4. FOREIGN BG CHARGES FOR PERFORMANCE AND OTHER GUARANTEE

Sl. No.	Limits	Rates(%)
a	Below Nu. 10 Million	3% p.a for actual no. of days (minimum Nu. 500/-)
b	Nu. 10 Million to less than 50 Million	2% p.a for actual no. of days (minimum Nu. 25,000/-)
c	Nu. 50 Million to less than 100 Million	1.5% p.a for actual no. of days (minimum Nu. 83,333/-)
d	Nu. 100 Million and above	0.75% p.a for actual no. of days (minimum Nu. 125,000/-)

 

GIFT (Global Interchange for Financial Transaction) Payment System

1. BULK	Free for both Inward and Outward.
2. BITS
a. Inward	Free of charge
b. Up to Nu. 1,000,000.00	Nu.20 flat transaction fee per transaction irrespective of amount up to Nu. 1 Million. BITS facilitates one to one funds transfer from Nu.1 to Nu. 1 Million.
3. RTGS
a. Inward	Free of charge
b. Above Nu. 1,000,000.00	Nu. 50 flat transaction fee per transaction  irrespective of amount above Nu. 1 Million. RTGS is high value funds transfer system Nu. 1 Million and above.