Banking Service Charges
REVISED BANK CHARGES WITH EFFECT FROM JANUARY 1, 2012
1. DRAFTS/TTs ( within Bhutan & 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 toNu. 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.
CASH WARRANT /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 (within Bhutan) :
| 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.1000) 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. |
| 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% onNgultrum 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 |
