Rates and Charges
SCHEDULE OF SERVICE CHARGES & FEES FOR NON-INDIVIDUAL CUSTOMER
1. GENERAL CHARGES
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S r |
Area of Banking Service |
Description / Periodicity |
Applicable Charges (USD) |
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|---|---|---|---|---|
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1 |
Charges for not maintaining Quarterly Average Balance in Current Account (If the average balance in account falls below 1,000.00 in respective currency during a Quarter) |
Charges for not maintaining Quarterly Average Balance in Current Account (If the average balance in account falls below 10,000.00 in respective currency during a Quarter)* |
General Current Account = 250/- |
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Premium Current Account = 500/- |
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2 |
Annual Maintenance Charges |
50 (Quarterly)* |
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3 |
Inoperative/Dormant Current Account |
Half yearly |
50 |
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4 |
Company search fee/Due Diligence |
New Accounts |
Actual Out of Pocket Expenses
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Old accounts |
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5 |
Instruction for change in authorized signatory in Account |
Per Instruction |
25 |
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6 |
Account closure – Current Account |
(within twelve months from the date of opening) |
100 |
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7 |
Account Statement |
Once in a month Free |
- |
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Duplicate statement (Per statement) |
10 |
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8 |
Old Record Enquiry (up to availability of records) |
Same financial year |
25 (Per year)
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Previous Financial year |
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For enquiry beyond two financial years |
50.00 (Per year) |
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9 |
Photocopying of Statement / Voucher / Advice |
Per statement/ voucher/ advise copy |
10 |
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10 |
Signature verification |
Per signature/Per request |
50 |
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11 |
Issuance of Reference Letter by Bank |
Per Letter |
100 |
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12 |
Audit Confirmation Report |
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50 |
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13 |
Certificate of Account Balance |
Per Balance Certificate |
25 |
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14 |
Postage (Per set of Documents) |
Local by post |
10 |
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Local by courier |
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International by post |
25 |
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International by courier/ DHL |
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15 |
SWIFT |
General |
25 |
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16 |
KYC renewal charges |
If any of the KYC documents provided by customer are expired then customer needs to provide updated / new documents within 1 month. If customer fails to do so, a charge is to be levied |
100 per instance |
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17 |
Any Other Charges |
Actual charges to be recovered |
Actual charges to be recovered |
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*No QAB & AMC Charges applicable on current account linked with credit facility availed from IBU
2. REMITTANCES
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Sr. No |
Area of Banking Service |
Applicable Charges (USD) |
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|---|---|---|---|
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1 |
Inward Remittance |
Nil |
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2 |
Outward Remittance (By SWIFT) other than disbursement in BC/SC accounts |
General Current Account
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<= 1000 -- 10 > 1000 -- 25 |
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Premium Current Account
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Upto 5 Txns p.m -- Free > 5 Txns p.m --- 25 per txn |
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Escrow Account |
Upto 10 Txns p.m -- Free > 10 Txns p.m --- 25 per txn |
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3 |
For other currencies our charges will be 50 in respective currency and other Bank charges as actual will be recovered |
Same as Sr. No. 2 |
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4 |
Amendment / Enquiry / Cancellation Charges for any transaction under above category will be USD 25.00 plus foreign Bank charges as actual |
Amendment Charges for any transaction under above category will be USD 25.00 plus foreign Bank charges as actual |
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Note: Amount deducted/charged by the correspondent bank for remittance will be over and above the charges mentioned above.
3. ADVANCES
3.1 Local credit
|
Sr. No |
Description |
Applicable Charges (USD ) |
|---|---|---|
|
1 |
Processing Charges for Fresh Sanction & Review Working Capital (FB & NFB) |
0.25% per annum. Minimum USD 500. No maximum cap |
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For Adhoc Limits |
0.40% (flat) of Adhoc amount with Min USD 1000 |
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For Term Loan |
Min 1.00% at sanction (0.1% at renewal on reviewed limit). No maximum cap. |
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2 |
Modification in Terms and Conditions of Sanction |
For loans up to USD 2 Mio: USD 1000 For loans above USD 2 Mio: USD 2000 |
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3 |
Document / Vetting Charges/ Other out of Pocket Expenses |
Actual Charged by Solicitor / Other legal charges/ documentation charges |
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4 |
Obtaining Credit/ DNB/ CCRA reports etc. |
Actual charges as applicable (To be recovered from our Customer) |
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5 |
Penal interest charges |
2% over and above the applicable ROI on the overdue / Excess amount. |
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6 |
Revalidation of sanction |
USD 1000 |
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7 |
In principal Approval (AIP) charges |
-----Nil |
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TEV study charges |
Actual charges as applicable |
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8 |
TEV study waiver charges |
USD 5000.00 |
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9 |
Solvency Certificate |
0.50% of the amount with Min USD 500 or Max USD 5000 |
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10 |
Commitment charges (applicable on quarterly basis) |
1. Quarterly average utilisation below 60% of limit: 1% p.a. 2. Quarterly average utilisation below 25% of limit: 1.50% p.a. it is to be charged on the amount under utilization below 60%.
In case of Line credit, average utilization of non-fund based facility can be assumed as utilisation of limits (The periodicity of charges is quarterly basis). |
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11 |
TOD / Excess |
- TOD: USD 500/- for a period not exceeding 14 days. If TOD persists beyond 14 days period., arrangement fee cum processing charges of USD 2500/- per occasion - Excess : USD 500/- per occasion |
3.2 Advances other than above which are Arranged & Negotiated i.e. Syndicated / ECB / Bilateral loans/ Clubbed Deal: Various charges as per the respective sanction / facility agreement are to be recovered.
4. ISSUANCE OF GUARANTEE / SBLC
|
Sr. No |
Description |
Applicable Charges (USD) |
|---|---|---|
|
1 |
Performance Guarantee |
0.10% per quarter or part thereof with minimum USD 100 Plus SWIFT/ Courier Charges as applicable |
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2 |
Issuance of SBLC / Financial Guarantee |
0.15% per quarter or part thereof with minimum USD 200 Plus SWIFT/ Courier Charges as applicable |
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3 |
Amendment to guarantee/ SBLC |
i. General Amendment (without change in value or tenor) – USD 50 + SWIFT Charges ii. Increase in value – Commission as charged for new BG/ SBLC + SWIFT charges iii. Increase in tenor – USD 50 + SWIFT Charges iv. Extension of validity - USD 50 + SWIFT Charges. |
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4 |
Refund for guarantees tendered for cancellation before the Expiry date. |
Portion of Guarantee Commission already recovered be refunded as under: 1. No refund for cancellation of guarantee issued for Six Months. 2. 50% of the commission for the unexpired period of guarantee less six months may refunded to be rounded off in nearest quarter. |
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5. |
In Case Fully secured by cash margin / FDR |
25% of applicable charges |
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6. |
SBLC Confirmation |
125% of SBLC issuance charges |
5. DOCUMENTARY CREDITS
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Sr. No |
Description |
Applicable Charges (USD) |
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|---|---|---|---|---|
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1 |
Issuance of Sight LC (for validity upto 6 months or part) |
Value up to USD 100,000: 0.15% per quarter or part thereof with minimum USD 100 Value more than USD 100,000: 0.10% per quarter or part thereof with minimum USD 150 |
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2 |
Issuance of usance LC |
Value up to USD 100,000: i) 0.30% per quarter or part thereof with minimum USD 100
Value more than USD 100,000: i) 0.25% per quarter or part thereof with minimum USD 300 |
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3 |
Reimbursement clause |
USD 50.00 (If LC to be issued with reimbursement clause, in addition to LC opening charges, USD 50.00 to be recovered) |
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4 |
Commission on Amendment to LC |
1. General Amendment (without change in value or tenor of LC) – USD 50 + SWIFT Charges 2. Increase in value – Commission as per scale in force for new LC + SWIFT charges 3. Increase in tenor of LC – USD 50 + SWIFT Charges 4. Extension of validity of LC – Commission as charged for issuance of LC for similar tenor + USD 50 + SWIFT Charges |
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5 |
Commission on LC Overdrawn |
Same as per original LC issuance charges on the overdrawn amount with minimum USD 100 /- (In addition to discrepancy Fee of USD 50)
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6 |
Commission on Drawings under expired LC |
Same as per original LC issuance charges on the LC amount with minimum of USD 100 (In addition to discrepancy Fee of USD 50.00) |
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7 |
Discrepancy Fee |
USD 50.00 for presentation of each set of discrepant Documents. |
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8 |
LC Confirmation Charges for each quarter or part thereof |
125% of LC (Sight / Usance) issuance charges |
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9 |
Advising of Documentary Credits
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Direct Advising to Customer: For Bank of Baroda Customers – USD 50 For Non Customers – USD 100
Advising through other Banks: In India by SWIFT – USD 200 Outside India by SWIFT – USD 250
Advising Fee for Amendment to LC: USD 50 per amendment
Postage @ USD 10 for local and USD 50 for international to be recovered along with above charges wherever involved. |
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10 |
SWIFT |
Documentary Credits |
USD 50.00 |
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6. TRANSFER LC
|
1 |
Simple Transfer of the LC as a whole |
USD 50/- |
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2 |
Partial transfer/ transfer requiring alteration to the terms and Conditions |
As per schedule of LC Issuance charges. |
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3 |
Amendment |
USD 50/- |
7. IMPORT LOANS / DEMAND LOANS
7.1 For Import Invoice Finance / Demand loan (Advance remittance for bill under LC and Non-LC)
|
1 |
Drawdown Commission |
0.20% pa with a minimum of 50 in respective currency plus SWIFT Charges of 25.00 |
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7.2 For Remittance from Overdraft Account (Applicable for each Remittance)
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2 |
Remittance Charges |
As Applicable for Outward Remittances (For remittance instruction with charges as applicant, actual foreign Bank charges will be recovered.) |
8. INWARD BILLS – Lodgment / Collection / Realization
|
1 |
Under LC |
0.15% pa with a minimum of USD 50.00 + SWIFT charges USD 25.Maximum USD 200/- |
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2 |
Not under LC |
0.15% pa with a minimum of USD 50.00 + SWIFT charges USD 25. Maximum USD 200./- |
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3 |
Overdue bills |
Flat USD 50 per month |
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4 |
Extension of due date |
Charges as applicable at Sr. No. 1 & 2 |
9. OUTWARD BILLS - Lodgment / Collection / Realization
|
1 |
Under LC |
0.15% pa with a minimum of USD 50.00 + SWIFT charges USD 25 + Postage/ Courier USD 25 with maximum USD 200 |
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2 |
Not under LC |
0.15% pa with a minimum of USD 50.00 + Postage/ Courier USD 25 with maximum USD 200 |
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3 |
Overdue bills |
Flat USD 50 per month |
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4 |
Extension of due date |
Charges as applicable at Sr. No. 1 & 2 |
- All above charges are exclusive of taxes if applicable.
- Services charges applicable as per product / policy will be superseded the charges mentioned in subject service charges & fees.
Bank of Baroda, IFSC Banking Unit
SCHEDULE OF SERVICE CHARGES & FEES FOR INDIVIDUAL CUSTOMER
|
S.N. |
Description |
Amount In USD |
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|---|---|---|---|---|
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1 |
Minimum balance charges not maintaing minimum quarterly average Balance* - Saving Account |
QAB 1000 |
- 25 per quarter.
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- General Current Account - Premium Current Account |
QAB 10,000 QAB 100,000 |
- 250 per quarter. - 500 per quarter |
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2 |
Early Closure Charges (Within 12 months from date of opening)* - Saving Account |
25 |
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- General Current Account |
500 |
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- Premium Current Account |
500 |
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3 |
Account Maintenance Charges * - Saving Account |
NIL |
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- General Current Account
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50 (Quarterly) |
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- Premium Current Account |
NIL |
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4 |
Account Balance Letter Issuance charges |
10 |
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5 |
No Liability Certificate charges |
50 |
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7 |
Dormant A/C Charges (If there is no customer induced debit transaction for a period of 1 year)* - Saving Account - General Current Account - Premium Current Account |
- 10 per Half year - 50 per half year - Nil |
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Account statement : * - Saving Account (electronic mode on registered email id only) |
1 per month --- Free Duplicate statement (per statement) ---- 10
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- General Current Account |
1 per month --- Free Duplicate statement (per statement) ---- 10 |
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- Premium Current Account |
1 per month --- Free 1 Duplicate statement per month - Free 1 Duplicate statement (per statement) ---- 10 |
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8 |
Balance confirmation charges: * - Saving Account - General Current Account - Premium Current Account |
- 10/- - 10/- - Nil |
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Remittance Charges |
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1 |
Inward Remittance |
NIL |
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2 |
Outward Remittance Charges |
Saving Account |
<= 1000 -- 10 > 1000 -- 25 (For Educational & Medical purposes – Free) |
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General Current Account |
<= 1000 -- 10 > 1000 -- 25 |
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Premium Current Account |
Upto 5 Txns p.m -- Free > 5 Txns p.m --- 25 per txn |
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Note: Amount deducted/charged by the correspondent bank for remittance will be over and above the charges mentioned above. |
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