International Banking Charges
| a. DOCUMENTARY LETTER OF CREDIT-IMPORT (both Foreign Currency & Indian Rupee) | |
|---|---|
| Bill charge | 0.15% (Min. Nu. 500) as opening commission |
| Commitment charge | 0.75% on actual number of days up to the validity of the credit (Min. Nu. 500) |
| Usance charge | 1.00% on actual number of days up to the validity of the credit ( Min. Nu. 500) |
| b. FOREIGN CURRENCY REMITTANCES | |
|---|---|
| Foreign Currency drafts | 0.20% plus SWIFT charges if any |
| Transfer via Swift | 0.20% (Min. Nu. 500) plus transmission charges of Nu. 500 for TTs & Nu. 1000 for LCs |
| Inward TT/Swift remittance | Free of Charge |
| Postage charge | Actual basis |
| c. BANK GUARANTEE CHARGES | |
|---|---|
| Bank guarantee charge | EMD/Bank Guarantee 2% & 3% performance guarantee (Min. Nu. 500). 1% commission with EMD |
| Cancellation of bank guarantee | Free of charge |