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Trade Finance Charges

Trade FinanceEffective from January 01, 2013.
Advance Import Payment:Charges
Commission for foreign currency remittance towards advance payment for Imports 0.25%, minimum 1500/-
Commission in lieu of exchange (in addition to charges at the time of payment) 0.125%,minimum 1000/-
Foreign Currency Conversion Charges NIL
SWIFT charges 750/-

Direct Import Bills:

Commission for foreign currency remittance towards payment of bills directly received by Importers 0.25%, minimum 1500/-
Commission in lieu of exchange (in addition to charges at the time of payment) 0.125%,minimum 1000/-
Foreign Currency Conversion Charges NIL
SWIFT charges 750/-

Import Bills under Collection:

Import bills on Collection on retirement (payment) 0.25%, minimum 1500/-
Commission in lieu of exchange (in addition to charges at the time of payment) 0.125%,minimum 1000/-
Foreign Currency Conversion Charges NIL
SWIFT charges 1000/-
Courier – International 750/-
Courier – Domestic 250/-

Import Bills under LC:

Bills drawn under LCs :  
At the time of retirement (payment) 0.15%, minimum 1500/-
At the time of Devolvement (in addition to normal charges) 0.25%, minimum 5000/-
Discrepancy Fee per bill - Import Bill / FCY USD 75 or equivalent
Discrepancy Fee per bill - INR LC Bill 1500/-
Commission in lieu of exchange (in addition to charges at the time of payment) 0.125%,minimum 1000/-
Bill handling charges 1500/-
SWIFT charges 750/-
Courier – International 750/-
Courier – Domestic 250/-

Import LC Issuance/Amendment/Cancellation:

FCY LC :
Commitment Fees 0.15% per quarter or part thereof, minimum 2000/-
Usance Fees -  
Upto 10 days 0.15%
Between 11days and 3 months 0.30%
Over 3 months 0.075% per additional month or part thereof
INR LC – IBA PRICING:
Commitment Fees 0.20% per quarter or part thereof, minimum 2000/-
Usance Fees -  
Upto 7 days 0.20%
Between 7 days and 3 months 0.40%
Over 3 months 0.20% per additional month or part thereof
LC Amendments:
Extension of validity Repeat as Commitment Fees and Usance Charges
Other amendments 2000/-
Cancellation of LCs (on request of customer / foreign bank before auto closure) 1500/-
SWIFT for issuance of LC/ LC Amendment 750/-
SWIFT(Others) 500/-
SBLC Charges - as agreed with customer on case by case basis As agreed/-

Imports - Others:

Return of Documents 1500/-
Courier – International / Domestic 750/-/ 500/-
SWIFT / Tracers / Reminders 500/-
Delivery Order / Shipping Guarantee 2000/-
Loans 0.25%, minimum 1500/-
Out-of-Pocket expenses on actual
Invoice attestation and miscellaneous certificates 200/-

Exports Bill Negotiated / Discounted / Realized:

Negotiation/Discounting of export bills under LCs 0.075%, minimum 2000/-
Export collection bills presented for Purchase / Discount 1500/-
Foreign Currency Conversion Charges 100/- per transaction
Return of Funds to Foreign Banks 0.125%, minimum 1500/-
Handling charges for documents containing more than 3 sets 2000/-
Bank Realization Certificate Charges 200/- per certificate
Courier – International 750/-
Courier – Domestic 500/-
SWIFT charges 500/-

Exports Bill Collection / Realised / Direct Exports:

Export collection bills including bills against which advance has been granted
(i) Foreign Bills 0.0625%, min 1500/-
(ii) Inland Bills 0.25%, min 1500/-
Handling GR of bills directly dispatched by drawers 2000/-
SOFTEX Realization / Handling charges 2000/-
Foreign Currency Conversion Charges 100/- per transaction
Return of Funds to Foreign Banks 0.125%, minimum 1500/-
Handling charges for documents containing more than 3 sets 2000/-
Bank Realization Certificate Charges 200/- per certificate
Cancellation of LCs (on request of customer / foreign bank before auto closure) 1500/-
SWIFT charges 500/-

Advising & Confirmation Charges

Advising of Foreign/ Local LCs including LC amendments 2000/-
Pre advising of Foreign/ Local LCs 2000/-
Transfer of Letters of Credit 3000/- per transfer
Cancellation of LCs (on request of customer / Foreign Bank before auto closure) 1500/-
Foreign Bank Charges - For LC advising where charges are to be recovered from Foreign Bank USD 100 or its equivalent
Courier – International 750/-
SWIFT charges 500/-
LC Confirmation charges Shall be quoted on a case by case basis and will depend on Country/ Bank risks and BASEL guidelines

Exports - Others:

Issuance of GR waiver Certificate 2000/-
Invoice attestation and miscellaneous certificates 200/-

Guarantees - Issuance / Amendment:

Financial Guarantee Issuance 1.8%, minimum 3000/-
Performance Guarantee Issuance 1.8%, minimum 3000/-
Amendments( extensions/value) 1.8%, minimum 3000/-
Non Financial Amendment 3000/-
SWIFT charges 750/-
Courier – International 750/-
Courier – Domestic 500/-
Cancellation 1500/-

Guarantees - Advising:

Advising of Inward Guarantees :  
Pre advising / Advising / Amendment of Guarantees 1500/-
Cancellation of Guarantees 1500/-
Foreign Bank Charges - For Guarantee advising where charges are to be recovered from Foreign Bank USD 100 or its equivalent
Issuance of indemnity for missing Bill of Lading - relating to LCs opened by us 2000/-
Amendment to Guarantees - others 2000/-
Invocation / Intimation Charges 1500/-
Stamp duty As per Govt regulations from time to time
Courier – International 700/-
Courier – Domestic 500/-
SWIFT charges 750/-

Remittances - Outward:

On all foreign currency remittances other than for payment of imports 0.25%, minimum 1500/-
Commission in lieu of exchange (in addition to charges at the time of payment) 0.125%,minimum 1000/-
Outward remittance wherein the foreign bank charges are to the account of applicant in India (MT103 states charges are “OUR or SHA”) minimum 1000/-(depending on the currency remitted)
Foreign Currency Conversion Charges 100/- per transaction
SWIFT charges 750/-

Remittances - Inward:

Return of Funds to Foreign Banks 0.125%, minimum 1000/-
Third Party Inward Remittance 2000/-
Processing of Inward Remittance without (i) Account Number or (ii) Beneficiary Name 100/-
Processing charges for FCY Inward Remittances 100/-
Commission  in  lieu  of  exchange  (in  addition  to charges at the time of payment) 0.125%,minimum 2000/-
FIRC issuance charges 500/-
SWIFT charges 750/-
   

NOTE: Applicable Government Service Taxes will be levied on the above Tariff

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