Standard Trade schedule of charges – w.e.f 26th Feb’24
Particulars | Commission/ Charges/Courier/ SWIFT | Remarks (if any) |
1. Exports | ||
Advising of Export LC | Rs. 2000 Courier Charges: Rs. 500 Signature verification Charges: Rs. 500 (If applicable) | SFMS Charges: Rs. 500 |
Advising of Export LC amendment | Rs. 1000 Courier Charges: Rs. 500 Signature verification Charges: Rs. 500 (If applicable) | SFMS Charges: Rs. 500 |
Transfer of Export LC | USD 50 or equivalent SWIFT Charges: Rs. 500 | Per transfer per beneficiary |
Transfer of Export LC amendment | USD 25 or equivalent SWIFT Charges: Rs. 500 | Per transfer per beneficiary |
Adding confirmation to Export LC | As defined in the sanction letter SWIFT Charges: Rs. 500 | |
Export Bills – sent on collection | 0.0625% of the bill amount ; Max Rs. 50000 Courier Charges: Rs. 1500 SWIFT Charges: Rs. 500 (Per SWIFT) | |
Noting & Protesting -Export Bills under collection | Rs. 1000 per bill SWIFT Charges: Rs. 500 (Per SWIFT) | Apart from the defined charges all additional charges like legal fees, correspondent bank charges etc. to be borne by the customer |
Return of Export Bills for collection (unpaid) | 0.0375% of the bill amount; Min: Rs. 2000; Max Rs. 10000 | Claim received from Foreign Bank’s to be recovered at actuals |
Follow up on overdue export bills | Rs. 500 per bill per quarter. | |
Export Bills received for regularisation | 0.0625% of the bill amount ; Max Rs. 10000 | |
Export Bills (N/P/D) | Interest Spreda: FCY: 1.5% over & above SOFR/ ARR or as defined in the sanction letter. INR: 2.5% over & above MCLR/RLLR or as defined in the sanction letter. Courier Charges: Rs. 1500 SWIFT Charges: Rs. 500 (Per SWIFT) | |
Follow up Charges on overdue export bills (N/P/D) | Rs. 500 per bill per quarter | |
Export Bills (N/P/D) – returned unpaid | 0.0375% of the bill amount; Min Rs. 2000; Max Rs. 10000 | Foreign Bank’s claim to be recovered at actuals |
Crystalisation of Export Bills | Rs. 2000 per bill | |
Export Bill Write-off cases | Rs. 2000 per shipping bill | |
Extension of time beyond stipulated period of realisation from the date of export (ETX) | Rs. 1500 per extension SWIFT Charges: Rs. 500 (Per SWIFT) | |
GR Waiver/ Approval | Rs. 2000 | |
Reduction in invoice valueof export bills | Rs. 1500 per bill | |
Request for change in buyer/ consignee | Rs. 2000 per bill | |
Request for NOC in EDPMS for regularisation of Export Bill | Rs. 500 per bill | |
Substitution of export order | Rs. 500 per bill | |
Setting off of export receivable against import payable | Commission/ charges as applicable both on export and import leg to be levied | |
Approval for Project Export | Rs. 25000 per project | |
Approval towards Opening / hiring of warehouses abroad | Rs. 5000 per warehouse | Same charges to be levied on renewal. |
Approval towards Setting up of Offices abroad and acquisition of immovable property for Overseas Offices | Rs. 5000 per office/ representative | Same charges to be levied on renewal. |
Late submission of export bill (delay beyond 21 days from the date of shipment of export | Rs. 100 per shipping bill . | |
2. Imports | ||
Import Bills under collection | 0.25% of the bill amount; Max Rs. 10000 SWIFT Charges: Rs. 500 (Per SWIFT) | |
Import Bills under collection – document return charges (unpaid) | Rs. 2000 Courier Charges: Rs. 1500 SWIFT Charges: Rs. 500 | Additionally USD 50 or equivalent to be claimed from remitting bank |
Import Bills under collection follow up for payment | Rs. 500 per bill per quarter | |
Advance import remittance | 0.125% of remittance amount; Max Rs. 50000 SWIFT Charges: Rs. 500 | |
Direct Import payment | 0.125% of remittance amount; Max Rs. 50000 SWIFT Charges: Rs. 500 | |
LC Issuance | As defined in the sanction letter SWIFT Charges: Rs. 1000 | |
LC Amendment (Financial) | As defined in the sanction letter SWIFT Charges: Rs. 1000 | |
LC Amendment (Non-Financial) | Rs. 1500 per amendment SWIFT Charges: Rs. 500 | |
Draft LC issunce | Rs. 1500 | |
Revival of expired Import LC | Rs. 2000 in addition to LC issuance charges for the period charges not levied after expiry/ closure of LC. SWIFT Charges: Rs. 500 | |
LC cancellation | SWIFT Charges: Rs. 500 | Any outstanding Bank charges / Foreign bank charges / confirmation charges etc to be recovered over and above |
Import Bills under LC (Document retirement charges) | 0.125% of the Bill amount; Max Rs.50000 SWIFT Charge: Rs. 500 | |
Discrepancy charges | USD 150 or equivalent per discrepant bills | |
Import Bills under LC – document return charges (unpaid) | Rs. 2000 SWIFT Charges: Rs. 500 Courier Charges: Rs. 1500 | |
Follow up for Bill of entry | Rs. 100 Per bill per quarter | |
Devolvement of LC Bill | Rs. 2500 per bill | |
Delivery Order | Under our LC : Rs. 1500 Other than Bills under our LC: Rs. 2500 | |
Bill of entry extension beyond 6 months | Rs. 1000 | |
3. Inland | ||
Advising of Inland LC | Rs. 2000 Courier Charges: Rs. 500 Signature verification Charges: Rs. 500 (If applicable) | SFMS Charges: Rs. 500 |
Advising of Inland LC amendment | Rs. 1000 Courier Charges: Rs. 500 Signature verification Charges: Rs. 500 (If applicable) | SFMS Charges: Rs. 500 |
Transfer of Inland LC | Rs. 3000 SFMS Charges: Rs. 500 | Per transfer per beneficiary |
Transfer of Inland LC amendment | Rs. 1500 SFMS Charges: Rs. 500 | Per transfer per beneficiary |
Adding confirmation to Inland LC | As defined in the sanction letter SFMS Charges: Rs. 500 | |
Inland bills sent on collection | 0.25% of the bill amount ; Max Rs. 10000 Courier Charges: Rs. 500 SFMS Charges: Rs. 500 (Per SFMS) | |
Return of Inland Bills for collection (unpaid) | 0.125% of the bill amount; Max Rs. 5000 | Collecting Bank’s claim to be recovered at actuals |
Follow up on overdue Inland bills – sent on collection | Rs. 500 per quarter | |
Inland Bills (N/P/D) including VBD (Vendor Bill Discounting) | As defined in the sanction letter Courier Charges: Rs. 500 SFMS Charges: Rs. 500 (Per SFMS) | |
Follow up Charges on overdue Inland bills (N/P/D) | Rs. 500 per quarter | |
Inland Bills (N/P/D) sent on collection – returned unpaid | 0.75% of the bill amount; Max Rs. 5000 | Collecting Bank’s claim to be recovered at actuals |
LC Issuance | As defined in the sanction letter SFMS Charges: Rs. 500 | |
LC Amendment (Financial) | As defined in the sanction letter SFMS Charges: Rs. 500 | |
LC Amendment (Non-Financial) | Rs. 1500 per amendment SFMS Charges: Rs. 500 | |
Revival of expired Inland LC | Rs. 2000 in addition to LC issuance charges for the period charges not levied after expiry/ closure of LC SFMS Charges: Rs. 500 | |
LC cancellation | SFMS Charges: Rs. 500 | |
Inland Bills under LC (Document retirement charges) | 0.25% of the Bill amount; Min Rs.2000 SFMS Charge: Rs. 500 | |
Discrepancy charges | Rs. 2000 per discrepant bills | |
Inland Bills under LC – document return charges (unpaid) | 0.125% of the bill amount; Max Rs. 5000 SFMS Charges: Rs. 500 Courier Charges: Rs. 500 | |
Inland Bills received under collection | 0.25% of the bill amount; Max Rs. 5000 SFMS Charges: Rs. 500 per message | |
Inland Bills recived under collection – document return charges (unpaid) | 0.125% of the bill amount; Max Rs. 5000 SFMS Charges: Rs. 500 Courier Charges: Rs. 500 | |
4. Guarantees/ SBLC | ||
Guarantee (FCY/INR) or SBLC | As defined in the sanction letter SWIFT Charges: Rs. 1000 SFMS Charges: Rs. 500 Stamp paper charges (at actuals along with vendor fee) | Correspondnet Bank charges (if any) will be in addition and at actuals |
Guarantee (FCY/INR) or SBLC Amendment (Financial) | As defined in the sanction letter SWIFT/ SFMS Charges: Rs. 500 Stamp paper charges (at actuals along with vendor fee) | Correspondnet Bank charges (if any) will be in addition and at actuals |
Guarantee (FCY/INR) or SBLC Amendment (Non-Financial) | Rs. 1500 per amendment Stamp paper charges (at actuals along with vendor fee) | Correspondnet Bank charges (if any) will be in addition and at actuals |
FCY guarantee and amendment advising | Rs. 2000 Courier Charges: Rs. 500 Signature verification Charges: Rs. 500 (If applicable) | |
Invocation of Bank Guarantee/ SBLC | Rs. 5000 | |
Guarantee (FCY/INR) or SBLC cancellation | Rs. 1000 SWIFT/ SFMS Charges: Rs. 500 | |
Shipping Guarantee | As defined in the sanction letter Stamp paper charges (at actuals along with vendor fee) | |
5. Remittances | ||
Foreign currency Inward remittances (Excluding advance remittances received against export) | Free | Actual charges as per collecting bank to be charged |
Foreign currency Inward remittances towards adavance remittances against export | Rs. 500 | |
Follow up for submission of export document for overdue Foreign currency Inward remittances towards adavance remittances against export | Rs. 100 per quarter per bill | |
Conversion from EEFC A/C to INR or other currency | Rs. 250 | |
Return of Funds | USD 25 or equivalent | |
Issuance of FIRC (Purpose - FDI) | Rs. 500 per FIRC | |
Issuance of Bank certificate for any inward remittance | Rs. 500 per certificate | |
Outward remittance (Non Import) for residents other than individuals | 0.125%; Max Rs. 10000 SWIFT cahrges: Rs. 500 | Correspondent bank charges to be borne at actual |
Outward remittance (Non Import) under liberalised remittance Scheme (LRS) | Rs. 500 (For charges not defined for specific account types) SWIFT charges: Rs. 500 | Correspondent bank charges to be borne at actual |
Outward remittance (Non Import) for Non Resident Indians | Rs. 500 (For charges not defined for specific account types) SWIFT cahrges: Rs. 500 | Correspondent bank charges to be borne at actual |
Remittance Amendments (MT 199/ MT 299) | SWIFT Charges: Rs 500 | |
Back Value dating of outward remittance | SWIFT Charges: Rs 500 | Correspondent bank charges to be borne at actual |
6. Miscellaneous | ||
Duplicate Export realisation certificates including e-BRCs, duplicate FIRC, any other certificate required by the customer | Rs. 500 | |
Revalidation of FIRC | Rs. 500 | |
Merchanting Trade Transactions | Rs. 5000 over and above handling import/export payment leg | |
Follow up for Merchant Trade Transactions | Rs 500 per reminder for first two reminders Rs. 100 oer reminder for subsequent reminders | |
Miscellaneaous SWIFT/ SFMS charges | Rs. 500 per SWIFT/ SFMS | |
AD Code letter issuance charges | Rs. 500 | |
Commission in lieu of exchange | 0.125% of the amount involved | |
Issuance of NOC | Rs. 500 per request | |
NOC issued to other Bank for Buyer’s credit | Rs. 2000 per request | |
Credit reports Sought by Bank | As per actual | |
Letter to regulatory authority (RBI) | Rs. 5000 (Minimum) | Bank at it’s discretion may additionally charge for advisory services in cases involving critical issues. |
Retrieval of old records on account customer request | Above 1 Year: Rs. 750 per record Above 2 Years: Rs. 1500 per record | |
MT 940 statement charges to Non bank Customers | Rs. 5000 per month per account statement | |
Internation maritime Bureau verification for MTT or any other case | Rs. 5000 per verification | |
7. Capital Account Transactions | ||
Cases of liasion office/ branch office/ Project office | Rs. 25000 per case | 0.125%; Min Rs. 1000 SWIFT cahrges: Rs. 500 For any subsequent outward remittance for the LO/BO/PO |
AAC submission | Rs. 1000 per AAC | |
Follow-up for AAC submission | Rs. 500 per reminder per AAC | |
Foreign investment in India (FCGOR, FCTRS, LLP-I, LLP-II, ESOP,DI, DRR, CN) | Cases wherein foreign inward remittance receievd by AU Small Finance Bank: Rs. 10000 Cases wherein inward remittance not received by AU Small Finance Bank: Rs. 15000 | |
Late submision of any of the Simplified master form (Foreign investment in India) | Rs. 2000 per instance | |
Follow up for submission of SMF in FIRMS portal for foreign inward remittance received by AU Small Finance Bank | Rs. 500 per reminder per inward remittance | |
Overseas direct investment (UIN generation) | Rs. 10000 for each UIN plus 0.125%; Min Rs. 1000 SWIFT cahrges: Rs. 500 | 0.125%; Min Rs. 1000 SWIFT cahrges: Rs. 500 For any subsequent outward remittance/ financial committment under the UIN |
Filing of APR/ Disinvestment | Rs. 1000 per APR | |
Filing of disinvestment including closure of UIN | Rs. 1000 | |
Late submisison of APR | Rs. 2000 per APR | |
Late submission of share certificate/ evidence of investment | Rs. 2000 per instance | |
Follow up for submission of APR/ Share certificate | Rs. 500 per reminder per APR/ per share certificate | |
Filing of Form ECB | Rs. 15000 per LRN | 0.125%; Min Rs. 1000 SWIFT cahrges: Rs. 500 For any subsequent outward remittance under the LRN |
Filing of revised Form ECB | Rs. 2500 per LRN | |
Filing of ECB 2 | Rs. 1000 per ECB 2 | |
Late submission of ECB 2/ Revised ECB | Rs. 2000 per instance | |
Follow up for submission of ECB 2 | Rs. 500 per reminder per ECB 2 | |
ECB, ODI and cases pertaining to LO/BO/PO (Approval Route) | Additional charges of Rs. 10000 or on case to case basis for seeking approval from RBI | |
NOC for creation of charge on security/ asset | Rs. 10000 per NOC | |
Note:
- The above-mentioned charges are in addition to commission/ interest payable as per arrangement.
- This SOC pricing is exclusive of applicable taxes. Bank will levy the applicable taxes over and above SOC pricing.
- Out of pocket expenses incurred by the Bank or any additional charges as claimed by correspondent bank/ presenting bank/ negotiating bank etc. will be levied in addition to the SOC as defined above.
- Penal interest will be recovered at the applicable taxes for non-payment of any fee/ commission due to the Bank.
- Any other charges levied will be at the discretion of the Bank.
