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Service Commission Charges Content

Corporate Banking - Service / Commission charge
 

A. Fund Based Business

i) Interest Rates

Description Charges

i) LC Advising Charges Advised Directly to the Beneficiary

a) LC advising

b) Amendment Advising

a) RMB 450.00

b) RMB 400.00

Advised Through SWIFT to the 2nd Advising Bank
a) LC advising
b) Amendment Advising

a) RMB 450.00

b) RMB 400.00

The LC advising charges to be waived if the underlying bills are submitted to us for negotiation.
ii) LC confirmation charges
a) Paid by Applicant
b) Paid by Beneficiary
a) 0.150% of LC Amount per quarter (min USD 100.00).
b) 0.125% of LC Amount per quarter (min USD 100.00).
SWIFT CHARGES: USD 50.00
iii) Assignment/ Transfer commission 0.125% of bill Amount (min USD 100.00).
SWIFT Charges: USD 50.00
iv) Negotiation (Discounting) Commission for bills drawn under LC
a) If charges borne by Applicant
b) If charges borne by beneficiary
a) 0.25% of bill amount (Min USD 50.00).
b) 0.125% of bill amount (Min USD 50.00)
v) Forfaiting Commission 0.10% (Min USD 100.00)
vi) Commission on Import and Export Documents Collection, for both under LC and Non-LC 0125% on the first USD 50,000 plus 0.0625% on the remaining amount. (Min USD 50.00).
vii) Negotiation Commission for Non-LC bills (DA/DP) 0125% on the first USD 50,000 plus 0.0625% on the remaining amount. (Min USD 50.00).
viii) Courier Charges USD 50.00 (USD 70.00 FOR countries other than India)
ix) SWIFT Charges USD 35.00
x) Reimbursement Charges USD 100.00 (Min.)
xi) Bank to Bank forfaiting Handling Charges – USD 300.00
Foreign Bank Charges – USD 200.00
xii) Relay of SWIFT message a) USD 100.00 for other banks.
b) No charges for SBI branches

B. Non Fund Based

LC Issuance :

Description Charges
xiii) LC Issuance Charges 0.125% per month (min USD 100/-
50% concession on the charges if 100% cash margin available).
xiv) Amendment of LC USB 100
In case there is increase in LC value or tenure, normal charges as above will apply.
xv) Cancellation USD 250.00
xvi) Discrepancy Charges USD 50.00
xvii) Document Handling and retirement of bills under LCs issued 0.125% on the first USD 50,000 plus 0.0625% on the remaining amount. (Min USD 50.00).
xviii) Cable charges USD 50.00
BG Issuance :
xix) BG/CG Issuance Charges 0.125% per month (min USD 100/-)
50% concession on the charges if 100% cash margin available.
xx) Amendment of BG USD 100 In case there is Increase in BG value or tenure, normal charges as above will apply. Min USD 100.00
xxi) Refund of BG commission for unexpired period on cancellation Up to 25% commission for the unexpired period in case the FBG is closed prematurely. However, charges for a minimum period of one quarter are to be recovered & only a gully completed month will be considered for refund.
xxii) Invocation Charges USD 100.00
xxiii) Cable Charges USD 50.00
xxiv) Stamp Duty If any additional stamp duty is needed to be paid over and above the normal, in India that will be recovered on actual basis.

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