Trade Finance and Services Fees & Charges

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Imports

	Charges	Minimum (INR)
1. Letters of credit issuance commission
Commitment	0.15% per Quarter or part thereof	2000
Sight / Usance (upto 30 days)	0.15% flat	2000
Usance (30 to 90 days)	0.30% flat	2000
Usance (Over 90 days)	0.30% flat for first 3 months + 0.1% per additional month or part thereof	3000
Retirement (FX Through Bank)	0.15% flat	1000
Retirement (No FX Through Bank)	0.25% flat	1000
2. Amendments to LCs
Negotiation/Scrutiny / Examinations of documents under Confirmed / Unconfirmed LC	0.15% Flat	1500
Export Bills on Collections	0.0625% flat	1500
Export Bills on Collections - Under LC (Under Approval, Without Scrutiny)	0.0625% flat	1500
3. Others
Handling GR of bills directly dispatched by drawers	INR 2000
SOFTEX Realization / Handling charges	INR 2000
Bank Realization Certificate Charges	INR 300
Extension of time for realisation of export proceeds	INR 1500
Write off / Reduction in invoice value of export bills	INR 1500
Follow up for submission of Order Copy for Packing credit	INR 500
Follow up charges for o/s export bills (overdue, follow up with foreign bank)	INR 500
Request to change Buyer / Consignee	INR 1500
Export Advance follow up	INR 750 per quarter
Issuance of GR waiver Certificate (approved by us)	INR 2500

Bank Guarantees (BG)

	Charges	Minimum (INR)
1. Financial BG's
Issuance against 100 % Cash Margin	1.5% p.a. (Min. One Quarter)	1500
Issuance against Non Fund Based Line	3 % p.a. (Min. One Quarter)	1500
2. Non-Financial BG's (Bid / Performance)
Issuance against 100 % Cash Margin	1.25% p.a. (Min. One Quarter)	1500
Issuance against Non Fund Based Line	2.5 % p.a. (Min. One Quarter)	1500
Amendment to Guarantees
Financial	Same as Issuance Charges
Non - Financial	INR 1500
Cancellation of Guarantees	INR 1500
Invocation Charges	INR 1500
Co-acceptance commission
Issuance of Shipping Guarantee / Delivery Order - over & above BG Issuance charges)	INR 1500
Follow up for non submission of documents under Delivery Order issued	INR 1000

Remittances

	Charges	Minimum(INR)
1. Outward Remittances
On all foreign currency remittances other than for payment of imports	0.25% flat	500
2. Inward Remittances
Processing of Inward Remittance	INR 1000
Issuance of FIRC / FIRA	INR 500
Duplicate FIRC / FIRA	INR 1000

Inland Trade

	Charges	Minimum (INR)
1. Letters of credit
Commitment	0.25% per Quarter or part thereof	2000
Sight / Usance (upto 30 days)	0.25% flat	1500
Usance (30 to 90 days)	0.40% flat	2000
Usance (Over 90 days)	0.40% flat for first 3 months + 0.25% per additional month or part thereof	3000
Retirement	0.20% flat	1000
2. Amendments to LCs
Financial	same as Inland LC Issuance
Non - Financial	INR 1500
LC Cancellation	INR 1500
Discrepancy fee per bill	INR 2000
3. Discounting
LCBD / BD / Invoice Financing / PO Financing ( In addition to finance charges)	INR 1000
Negotiation of bills under LCs issued by us	0.25% flat	500
4. Collections
Documentary Collection Inward	0.25% flat	2500
Documentary Collection Outward	0.25% flat	2500
Outward Bills Under Inland LC	0.25% + INR 1500 Scrutiny	3500
5. Other
Follow up for overdue Bills (per follow up per bill) - Outward Collection Bills	INR 500
Dishonoured bills / document return charges	INR 1000

Miscellaneous

	Charges	Minimum (INR)
Status Report (per report)	INR 10000
1. Swift / SFMS Charges
LC Issuance	INR 1500
Amendments to LC	INR 1000
Other Swift Messages/Follow-ups/Tracers	INR 750
2. Courier
Domestic	INR 500
International	INR 1000
Merchanting Trade Transaction	INR 5000
Follow up - Merchanting Trade Transaction (opposite leg)	INR 500
Any requests to other banks	INR 1000

Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges if any applicable. The charges as indicated above are subject to periodic revision.

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