| | Customer Segment |
|---|
| Collection Arrangement | NRI Customers – (individual) | Domestic customers - (individual) | Domestic Customers - (Non-individuals) |
|---|
| Instant Credit |
Rs 250 |
Rs 250 |
Not applicable |
| Cash Letter Arrangement (Credit on day 8) |
No charges |
0.50%,
subject to minimum of Rs.350. |
0.50%,
subject to minimum of Rs.350 or as per any specific agreement with the customer |
| Cash Letter Arrangement (Credit on Day 15) |
No charges |
0.25%
subject to minimum of Rs.250 |
0.25%
subject to minimum of Rs.250 or as per any specific agreement with the customer. |
| Final Clearing Services |
No charges (Charges in Foreign currency might be levied by the correspondent bank) |
0.125%
subject to minimum of Rs.250
Additionally : charges levied by correspondent bank in original |
0.25%
subject to minimum of Rs.350
Additionally : charges levied by correspondent bank in original |
| Collection |
1. Courier charges of INR 400/-.
2. Such other charges, as the overseas bank may levy. |
0.125%
subject to minimum of Rs.250
Additionally : Courier charges of INR 400/-, and such other charges, as the overseas bank may levy. |
0.125%
subject to minimum of Rs.250
Additionally : Courier charges of INR 400/-, and Such other charges, as the overseas bank may levy.
Or as per any specific agreement with the customer. |
| Cheque Purchase |
Interest @17.5% p.a. from the date of credit to customer's account till the date of receipt of funds in the nostro. |
Interest @17.5% p.a. from the date of credit to customer's account till the date of receipt of funds in the nostro. |
Interest @17.5% p.a. from the date of credit to customer's account till the date of receipt of funds in the nostro or as per any specific agreement with the customer |
The above charges are exclusive of any statutory taxes or fees like service tax, education cess etc. All percentage of charges stated above shall be applied on gross amount to be credited.
* The courier charges will only be applicable for cheques that are sent under collection.
Goods and Service Tax will be levied on the converted gross INR amount in accordance to GST Bill 2017 passed by the Government of India w.e.f. July 1, 2017. Please click here to know the slab wise GST structure.
The charges for clearing favoring EEFC / RFC will be as per above schedule suject to minimum of following:
| Currency |
USD |
EUR |
GBP |
AUD |
CAD |
SGD |
|---|
| Charge |
8 |
6 |
4 |
8 |
9 |
13 |
|---|
The charges stated above will be charges in the currency of the account holder.
Charges on Cheque Return by correspondent / clearing bank:
For all customer segments, by debit to customer's account. The charges should be total of following:
- Courier charges incurred by the Bank at INR 400/- (for cheques sent under Pure Collection only).
- Charges debited by the correspondent bank.
- Cheque Return Charges of INR 500 + applicable service tax.
