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 BANK
| Cheques returned for insufficient funds | Nu. 300 plus 10% of the cheque value for first offence. | To be charged to the issuer of the cheque |
| Nu. 300 plus 10% of the cheque value if a cheque is presented for the second time within six(6) months from the date of issue of cheque. | To be charged to the issuer of the cheque | |
| Nu. 500 plus 10% of the cheque value if a same cheque is presented for the third time within six(6) months from the date of issue. The cheque facility to the account holder shall be disabled after third offence by the bank for three (3) years. | 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 RETURN CHARGES FOR INTER BANK
| Cheques returned for insufficient funds | Nu. 300 plus 10% of the cheque value for first offence. | To be charged to the issuer of the cheque |
| Nu. 300 plus 10% of the cheque value if a cheque is presented for the second time within six(6) months from the date of issue of cheque. | To be charged to the issuer of the cheque | |
| Nu. 500 plus 10% of the cheque value if a same cheque is presented for the third time within six(6) months from the date of issue. The cheque facility to the account holder shall be disabled after third offence by the bank for three (3) years. | 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 |