Fees & Charges
DRAFTS/TTs
Slab | Charges |
|---|---|
Up to Nu. 100,000 | Nu. 35 |
Nu. 100,001 till Nu. 1,000,000 | Nu. 2.00 per 1,000 (Min. Nu. 35 and Max. Nu. 2,000) |
Above Nu. 1,000,000 | Nu. 1.75 per 1,000 (Min. Nu. 2,000 & Max. Nu. 15,000) |
Slab | Charges |
|---|---|
Up to Nu. 100,000 | Nu. 35 |
Nu. 100,001 till Nu. 1,000,000 | Nu. 1.25 per 1,000 (Min. Nu. 35 and Max. Nu. 1,250) |
Above Nu. 1,000,000 | Nu. 1.00 per 1,000 (Min. Nu. 1,250 and Max. Nu. 10,000) |
DD PURCHASE FOR CHEQUES AND DRAFTS
Both public & government – Nu. 100
OUTSTATION CHEQUE (OC) PURCHASE
Both public & government – 0.5% of value (Max. Nu. 20,000)
COLLECTION OF DRAFTS AND CHEQUES (within Bhutan)
Collection of Drafts and cheque – Free of charge
BANK GUARANTEE CHARGES
Bank guarantee charge
- EMD/Bank Guarantee 2% & 3% performance guarantee (Min. Nu. 500).
Cancellation of bank guarantee
- Free of charge
FOREIGN EXCHANGE SERVICE CHARGES
DOCUMENTARY LETTER OF CREDIT-IMPORT (both Foreign Currency & Indian Rupee)
Bill charge
- 0.15% (Min. Nu. 250) as opening commission
Commitment charge
- 0.75% on actual number of days up to the validity of the credit (Min. Nu. 250)
Usance charge
- 1.00% on actual number of days up to the validity of the credit ( Min. Nu. 250)
FOREIGN CURRENCY REMITTANCES
Foreign Currency drafts
- 0.20% plus SWIFT charges if any
Transfer vis Swift
- 0.20% (Min. Nu. 100) plus transmission charges of Nu. 200 for TTs & Nu. 700 for LCs
Inward TT/Swift remittance
- Free of Charge
Postage charge
- Actual basis
CHEQUE BOOK CHARGES
Current Account
100 leaves CA cheque book
- Actual cost of cheque book
50 leaves CA cheque book
- Actual cost of cheque book
25 leaves CA cheque book
- Actual cost of cheque book
Saving Account
SB cheque book
- First SB cheque book free. Subsequent issuance- actual cost of cheque book
CHEQUES/DRAFTS PROCESSED THROUGH RMA CLEARING HOUSE
Local cheques/drafts
- Free of charge
Outstation cheque/draft
- Free of charge
CHEQUE RETURN CHARGES FOR INTRA/INTER BANK
Cheques returned for insufficient funds
A. The revised charges cheque returns due to insufficient funds will now be Nu.1,000, replacing the previous charge of Nu.300 plus 10% of the cheque value. However, the process and fees for other cheque return codes, applicable to both intrabank and interbank transactions, will remained unchanged.
- To be charged to the issuer of the cheque
B. If a cheque is returned due to insufficient funds in the drawer’s account, a service fee of Nu.1,000 will be charged per returned cheque. This rule applies to individuals issuing multiple cheques, with the service fee being imposed for each retuned cheque, up to three occurrences. After third instance, the Bank will notify the drawer to surrender the remaining cheque booklet. The drawer’s account should be ineligible for cheque facility for three years.
- To be charged to the issuer of the cheque
C. The process and timeline for handling cheques returned due to insufficient funds shall follow the provisions outlined in the Negotiable Instrument Act 2000 and the Negotiable Instrument (Amendment) Act of Bhutan 2021.
- To be charged to the issuer of the cheque
In addition, mandate banks to call and inform the issuing bank before accepting high value cheques.
Cheque returned for no endorsement by the bank
Nu. 100
To be charged on the acquiring bank and not on the customer.
Late delivery of delivery statement
Nu. 100
To be charged on the acquiring bank and not on the customer.
Second presentment
No charge
Presentment of postdated cheques
Nu. 100
Presentment of stale dated cheques
Presentment of stale dated cheques
Nu. 100
Presentment of stale dated cheques
GIFT PAYMENT SYSTEM
Bulk
Free for both inward and outward
BITS
Nu. 20 flat transaction fee per transaction irrespective of amount up to Nu. 1 Million
RTGS
Nu. 50 flat transaction fees per transaction irrespective of amount above Nu. 1 Million
