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Service Charges

DRAFTS/TTs

1. DRAFTS/TTs (within Bhutan & India)
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)
2. CASH WARRANT/MANAGER’S CHEQUES
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)
3. DD PURCHASE FOR CHEQUES AND DRAFTS
Both public & government Nu. 100
4. OUTSTATION CHEQUE (OC) PURCHASE
Both public & government 0.5% of value (Max. Nu. 20,000)
5. 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

1. 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)
2. 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

1. 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
2. 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/drefts 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 To be charged on the acquiring bank and not on the customer.
Presentment of stale dated cheques Nu. 100 To be charged on the acquiring bank and not on the customer.

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

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