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. |