SCHEDULE OF SERVICE CHARGES FOR FOREIGN EXCHANGE SERVICES

(A)

IMPORTS

1.

Import Collections (Sight Bills; non-LC)

0.15% of bill amount (min. Rs 1,000/-)

2.

Import Collections (Usance Bills; non-LC)

0.15% of bill amount (min. Rs 1,000/-)

3.

Import Collections (Sight Bills; LC-backed)

0.25% of bill amount (min. Rs 1,000/-)

4.

Import Collections (Usance Bills; LC-backed)

0.25% of bill amount (min. Rs 1,000/-)

5.

Import LC Issued (Sight)

1.00% p.a. (min. Rs 1,000/-) for the commitment period i.e. from date of issue to date of negotiation OR expiry, whichever is earlier + SWIFT charges Rs 1,000/-

6.

Import LC Issued (Usance)

1.00% p.a. for the commitment period i.e. from date of issue to date of negotiation OR expiry, whichever is earlier + usance period + SWIFT charges Rs 1,000/-

7.

Advance & Direct Import Payments / Miscellaneous trade and business related payments in FCY e.g. freight payments

SWIFT mode: 0.125% of bill amount (min. Rs 1,000/-) + SWIFT charges Rs 250/-
Draft mode:

1. Up to USD 500/-: 0.25% of draft amount (min. Rs 250/- for USD drafts, min. Rs 500/- for other currencies)
2. Above USD 500/-: 0.25% of draft amount (min. Rs 500/- for USD drafts, min. Rs 1,000/- for other currencies)

8.

LC Amendments

i.

Extension of validity (within the period for which commitment charges have already been collected)

Rs 1,000/- flat + SWIFT charges Rs 500/-

ii.

Extension of validity (beyond the period for which commitment charges have already been collected)

1.00% p.a. (min. Rs 1,000/-) + SWIFT charges Rs 500/-

iii.

Other Amendments

Rs 1,000/- per amendment + SWIFT charges Rs 500/-

iv.

Revival of expired LC/enhancement of value

1.00% p.a. (min. Rs 1,000/-) + SWIFT charges Rs 500/-

(B)

EXPORTS

1.

Foreign Bills Discounted (Usance; LC-backed) – LIBOR linked interest rate

Bill Handling Charges: Rs 750/-; Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

2.

Foreign Bills Discounted (Usance; non-LC) – LIBOR linked interest rate

Bill Handling Charges: Rs 750/-; Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

3.

Foreign Bills Purchased (Sight; LC-backed)

Bill Handling Charges: Rs 750/-; Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

4.

Foreign Bills Purchased (Sight; non-LC)

Bill Handling Charges: 0.0625% of Bill Amount (min. Rs 750/-) ; Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

5.

Export Collections (Sight; LC-backed)

Bill Handling Charges: Rs 750/-; Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

6.

Export Collections (Sight; non-LC)

Bill Handling Charges: 0.0625% of Bill Amount (min. Rs 750/-); Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

7.

Export Collections (Usance; non-LC)

Bill Handling Charges: 0.0625% of Bill Amount (min. Rs 750/-); Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

8.

Foreign Bills Discounted (Usance; non-LC) – INR linked interest rate

Bill Handling Charges: 0.0625% of Bill Amount (min. Rs 750/-); Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

9.

Export Collections (Usance; LC-backed)

Bill Handling Charges: Rs 750/-; Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

10.

Export Bill Negotiation (Sight; LC-backed)

Bill Handling Charges: Rs 750/-; Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

11.

Export Bill Negotiation (Usance; LC-backed)

Bill Handling Charges: Rs 750/-; Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

12.

Export Bill Purchase (Sight; non-LC)

Bill Handling Charges: 0.0625% of Bill Amount (min. Rs 750/-); Courier: Rs 1,000/-; Interest Rate (if applicable): as per arrangement

13.

Export LC Advising

Rs 750/-

14.

Export LC Advising and Confirmation

Advising Charges as per Point (13) above + Confirmation charges (to be advised by IFIG & TF Sales for each transaction)

(C)

INLAND

1.

Inland Bill Purchase (Sight; non-LC)

1. For Bills Up to Rs 10,000/-: Rs 50/- per Bill
2. For Bills above Rs 10,000/-: Rs 4/- per thousand (subject to minimum of Rs 50/-)
3. Actual postage/courier to be recovered additionally

2.

Inland Bills Discounted (Usance; non-LC)

3.

Inward Collections (Sight; non-LC)

1. For Bills Up to Rs 10,000/-: Rs 50/- per Bill
2. For Bills above Rs 10,000/-: Rs 4/- per thousand (subject to minimum of Rs 50/-)
3. Actual postage/courier to be recovered additionally

4.

Inward Collections (Usance; non-LC)

5.

Inward Collections (Sight; LC-backed)

Bill Handling Charges: Rs 1,500/- per bill; Interest Rate (if applicable): as per arrangement; Courier: Rs 250/-

6.

Inward Collections (Usance; LC-backed)

Bill Handling Charges: Rs 1,500/- per bill; Interest Rate (if applicable): as per arrangement; Courier: Rs 250/-

7.

Invoice Financing

1. For Bills Up to Rs 10,000/-: Rs 50/- per Bill
2. For Bills above Rs 10,000/-: Rs 4/- per thousand (subject to minimum of Rs 50/-)
3. Actual postage/courier to be recovered additionally

8.

Outward collections (Sight; LC-backed)

Bill Handling Charges: Rs 1,500/- per bill; Interest Rate (if applicable): as per arrangement; Courier: Rs 250/-

9.

Outward collections (Usance; LC-backed)

Bill Handling Charges: Rs 1,500/- per bill; Interest Rate (if applicable): as per arrangement; Courier: Rs 250/-

10.

Inland LC Advising

Rs 750/-

11.

Inland LC issued – Sight

1.00% p.a. (min. Rs 1,000/-) for the commitment period i.e. from date of issue to date of negotiation OR expiry, whichever is earlier

12.

Inland LC issued – Usance

1.00% p.a. for the commitment period i.e. from date of issue to date of negotiation OR expiry, whichever is earlier + usance period

13.

Outward collections (Sight; non-LC)

1. For Bills Up to Rs 10,000/-: Rs 50/- per Bill
2. For Bills above Rs 10,000/-: Rs 4/- per thousand (subject to minimum of Rs 50/-)
3. Actual postage/courier to be recovered additionally

14.

Outward collections (Usance; non-LC)

15.

Outward bills purchased (Sight; LC-backed)

Bill Handling Charges: Rs 1,500/- per bill; Interest Rate (if applicable): as per arrangement; Courier: Rs 250/-

16.

Outward bills purchased (Usance; LC-backed)

Bill Handling Charges: Rs 1,500/- per bill; Interest Rate (if applicable): as per arrangement; Courier: Rs 250/-

(D)

GUARANTEES & STANDBY LC’S

1.

Performance Guarantees (including Bid Bonds, Earnest Money Deposits, Advance Payment Guarantee and Retention Money Guarantee

1.25% p.a. (min. Rs 1,000/-)

2.

Financial Guarantees (including Deferred Payment Guarantees)

1.50% p.a. (min. Rs 1,000/-)

3.

Standby Letter of Credit (SBLC)

1.50% p.a. (min. Rs 1,000/-)

4.

Delivery Orders/Shipping Guarantees

Rs 2,500/- per transaction

5.

BG/SBLC Amendments

6.

Extension of validity/enhancement of value

Charges as above (min. Rs 1,000/-)

i.

Other amendments

Rs 1,000/- per amendment

ii.

FCY Guarantees/SBLC

Charges as above + SWIFT charges Rs 1,000/-

(E)

MISCELLANEOUS

1.

Issuance of FIRC/BRC

Rs 100/-

2.

LOU issuance for Buyers Credit

Same as LC issuance pricing. If import is non-LC backed, commission of 1.00% p.a. (min. Rs 1,000/-) to be levied

3.

“Direct Dispatch” documents

Rs 750/-

4.

FD backed LC/BG/SBLC

Standard Tariff can be reduced by half if the LC/BG/SBLC is secured 100% by way of Fixed Deposit

5.

Pre-shipment Finance/Packing Credit disbursed

Rs 500/- for disbursement up to Rs 500,000; Rs 1,000/- for disbursements above Rs 500,000