Letter
of Credit |
Charges |
Issue of Inland Letter of Credit (ILC) |
|
ILC Application |
|
Commitment charges |
0.20 % per quarter or part thereof
+
POSTAGE/ COURIER |
| |
Usance Commission
|
| Up to 7 days sight |
0.20 % of bill amount
+
POSTAGE/ COURIER
|
| Above 7 days to 3 months sight |
0.40 % of bill amount
+
POSTAGE/ COURIER
|
| Above 3 months sight |
0.40 % for 1 st 3 months
+
0.2 % per month in excess of 3 months sight & part thereof
+
POSTAGE/ COURIER |
| Handling Charges of Collection of bills drawn
under Inland LC issued by other Banks (No Commission &
confirmation charges shall be levied, if the concerned LC is discounted in our
Bank) |
0.10 % subject to minimum of Rs.250/- & maximum of rs.1000/- |
POSTAGE/ COURIER if any |
| |
Other charges
|
| Amendment of ILC |
Rs. 500/-
+
POSTAGE/ COURIER if any for each amendment |
| Reinstatement commission on Revolving INLAND LC by an amendment |
Rs. 500/-
+
POSTAGE/ COURIER if any in addition to Usance charges as above |
| Confirmation / Discrepancies Charges |
Rs. 500 Upto Rs.5 Lakhs |
Rs. 1000 above Rs.5 Lakhs |
| Note : Difference amount of
commitment/commission should be collected in addition to amendment charges for
enhancement in amount / usance period / expiry period subject to min. of Rs.
500/- |
