Trade Finance Fees & Charges

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
Financial	same as Imports LC Issuance
Non - Financial	INR 1500
Cancellation of LCs	INR 1500
3. Documentary Collections
Import Bills on Collections	0.15% flat	1500
Import Bills - Direct Collections	0.15% flat	1500
Advance Import Payment	0.15% flat	1500
4. Other
Follow up charges for non submission of Bill of Entry (per reminder)	INR 250
BEF Reporting Charges (per reporting)	INR 750
Commission in lieu of exchange (in case of debit from EEFC/RFC/SFC account)	0.25% flat	1000
Bills Returned Unpaid (Overdue > 90 days)	USD 100
Discrepancy fee per bill – Import bill	USD 100
5. Trade Credits
Processing charge for Letter of Undertaking/ Letter of Comfort	INR 2500
Handling charges for Roll Over requests	INR 1500

	Charges	Minimum (INR)
1. Letters of credit
Advising Letter of Credit (LC)	INR 1500
Advising LC Amendments	INR 1500
Request for cancellation of LCs	INR 1500
Transfer of LCs	INR 2500
2. Export Negotiations and Collections
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

	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 1000
Co-acceptance commission	Same as Financial Guarantee Issuance
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

Approvals & Reportings	Charges	Minimum (INR)
Filing of FCTRS & FCGPR	INR 10000
Approval for ECB / ODI / FDI	INR 10000
Approval for opening of Project Office /Branch Office /Liaison Office	INR 15000
ECB - II submission (Monthly), APR Submission Annually	INR 1000
NOC in respect of capital account transactions (AD change)	INR 2000
NOC / Remitter KYC (FDI) Issuance	INR 2000

	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

	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