Banking Service Charges

REVISEDBANKCHARGESWITHEFFECTFROMJANUARY1,2012

1.DRAFTS/TTs (withinBhutan&India)

a)  Remittance to Bhutan :

Existing charges Revised Charges
           Slab Charges Slab Charges
Up to Nu. 10,000 Nu. 35 Up to Nu. 100,000 Max. Nu. 35
Nu. 10,001 to Nu.100,000 Nu. 2.75 per 1,000(Min. Nu. 50) Nu.100,001 till Nu.1,000,000 Nu. 2.00 per 1,000(Min Nu. 35 and Max Nu. 2,000)
Above Nu.100,000 Nu. 2.5 per 1,000(Min. Nu 400 & Max. Nu. 20,000) Above Nu.1,000,000 Nu. 1.75 per 1,000 (Min.Nu 2,000 & Max. Nu. 15,000)

b) Remittance to India :

Slab Charges
Up to Nu 10,000/- Nu 35.00
Nu 10,001 – 100,000/- Nu 2.50 per Nu 1,000/- (Min Nu35/- & Max. Nu 200)
Nu 100,001 – 1,000,000/- Nu. 2.00 per Nu 1,000/- (Min. Nu200/- & Max. Nu 2,000)
Above Nu 1000,000/- Nu 1.75 per Nu 1,000/- (Min Nu2000/- & Max. Nu 15,000)

Note : In case of remittance to any Bank in India other than Punjab National Bank, India, a charge of Nu. 55/- in addition to above commission shall be recovered.

2. CASHWARRANT/MANAGER’S CHEQUES :

Up to Nu. 10,000 Nu. 35 Up to Nu. 100,000 Max. Nu. 35
Nu. 10,001 toNu. 100,000 Nu. 1.75 per 1,000(Min. Nu. 35) Nu. 100,001 tillNu.1,000,000 Nu. 1.25 per 1,000 (Min Nu. 35 and Max Nu. 1,250)
Above Nu.100,000 Nu. 1.25 per 1,000(Min. Nu 175 Above Nu.1,000,000 Nu. 1.00 per 1,000 (Min.Nu 1,250 & Max. Nu. 10,000)

3.DD PURCHASE FOR CHEQUES AND DRAFTS :

Both public & government (Min. Nu. 30 & Max. Nu. 20,000) Both public & government Max Nu. 100

4.OUTSTATION CHEQUE(OC) PURCHASE :

                                  Existing charges                                  Revised charges
              Slab         Charges              Slab                 Charges
Both public & government 50ch/Nu. 100(Min. Nu. 30 &Max. Nu. 20,000) Both public & government 0.5% of value
(Max Nu. 20,000)

5.COLLECTION OF DRAFTS AND CHEQUES (withinBhutan) :

Up to Nu. 10,000 Nu. 30 Up to Nu. 100,000 Free of Charge
Nu.10,001 to Nu.100,000 Nu. 4 per 1,000 (Min. Nu 45) Nu.100,001 toNu.1,000,000 Free of Charge
Above Nu. 100,000 Nu. 3 per 1,000 (Min. Nu 450) Above Nu. 1,000,000 Free of Charge

6.  FOREIGN EXCHANGE SERVICE CHARGES :

a. DOCUMENTARY LETTER OF CREDIT-IMPORT (both Foreign Currency & Indian Rupee):

Billcharge 0.15% (Min. Nu. 250) as opening commission Bill charge 0.15% (Min. Nu.250) as opening commission
Commitmentcharge 1% on actual number of days up to The validity of the credit (Min.Nu.250) Commitment charge 0.75% on actual number of day up to the validity of the credit (Min 250)
Usancecharge 1.2% on actual number of days upto 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)

b. COLLECTION – IB (IN FC) :

Existing charges Revised charges
Slab Charges Slab Charges
i. IB including immediate credit 1 % (Min.Nu. 75) i. IB including immediate credit 1 % (Min. Nu. 75)

ii. CBC- cheques/drafts sent on collection basis (in FC) :

Up to Nu. 10,000 Nu. 40 Up to Nu. 10,000 Nu. 40
Nu. 10,001 toNu. 100,000 Nu. 4 per 1,000(Min. Nu. 40) Nu. 10,001 to Nu. 100,000 Nu. 4 per 1,000 (Min. Nu. 40)
Above Nu. 100,000 Nu. 3.5 per 1,000(Min. Nu. 400 and Max. Nu. 10,000) Above Nu. 100,000 Nu. 3.5 per 1,000 (Min. Nu.400 & Max. Nu.10,000)

c. PURCHASE/ SALE OF USD TRAVELLERS CHEQUES :

Purchase/sale of USDTravelers Cheques Commission @ 1% on Ngultrum Equivalent value Purchase / sale of USD travellerscheques Commission @ 1% on Ngultrum Equvalent value

d. FOREIGN CURRENCY REMITTANCES :

i. DRAFTs :

Up to FC 1,000 0.25% (Min. Nu.100) Foreign Currency Drafts 0.20% plus SWIFT charges if any
Above FC 1,000 0.25% (Min. Nu.250)

ii. TRANSFER VIA SWIFT:

Existing charges Revised charges
Particulars Charges Particulars Charges
Transfer via Swift 0.25% (Min.Nu.100)plus transmission Charges of Nu.250 for TTs Nu.1,000 for LCs. Transfer via Swift 0.20% (min. Nu. 100) plus Transmission charges of Nu. 200 for TTs & Nu. 700 for LCs
Inward TT/SWIFTremittance Free of Charge Inward TT/SWIFTremittance Free of Charge
Postage charge Actual basis (Min. 500) Postage charge Actual basis

7.GENERAL CHARGES:

Particulars Charges
Loan application Nu. 100
Commitment fee/charges onunutilized amount of OD &WC 0.1%
Statement charges if requiredfor more than once in a month Nu.5 per page
Stop payment charge for chequesand drafts Nu 50 perinstrument
No due/Demand Certificate Nu. 50
Presentation of usance bill foracceptance Nu. 20
Inquiry relating to old recordsOf more than 12 months Nu.100 per item
Cancellation/issuance ofduplicate/ revalidation of drafts Nu. 100 perinstrument
Postage Actual basis
Telephone Actual basis

8.SERVICE CHARGE ON BANK ACCOUNT AND MAINTENANCE OF
MINIMUM BALANCE :

Particulars Charges
Savings account Max. Nu. 150 as annual accountmaintenance fee
Current account No maintenance fee
Minimum balance insaving a/c Minimum balance not required
Minimum balance incurrent a/c Nu. 1,000

9. SERVICE CHARGE FOR NON-MAINTENACE OF MINIMUM BALANCE IN ACCOUNTS :

Particulars Charges Particulars Charges
Saving Account(with Cheque book facility) System does not allow withdrawal below min. balance of Nu. 500 Saving Account (with chequebook facility) Free of charge
Saving Account(without Cheque facility) System does not allow withdrawal below min. balance of Nu. 500 Saving Account (with chequebook facility) Free of charge